Chemistry, asked by Sopenyter963, 4 days ago

What is unit elastic example?

Answers

Answered by PurpleHeartz

Answer:-

They show how well a company utilizes its assets to produce profit. For example, if it sells smartphones with unit elastic demand, a 10% price increase will lead to a 10% decrease in the quantity demanded. Thus, the company's revenue will decline by 10% as well.

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