Economy, asked by bajrangdhundhra941, 5 hours ago

when the demand is unitary elastic?​

Answers

Answered by Anonymous
68

Answer:

elasticity of demand is unitary. In other words, quantity changes at the same rate as price. Elasticity of demand is illustrated in Figure 1. Note that a change in price results in a large change in quantity demanded.

Answered by queenselfie866
3

Answer:

If the number is equal to 1, elasticity of demand is unitary. In other words, quantity changes at the same rate as price. Elasticity of demand is illustrated in Figure 1. Note that a change in price results in a large change in quantity demanded.

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