हिंदी

What is unit elasticity of demand?

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प्रश्न

What is unit elasticity of demand?

विकल्प

  • Demand changes less than price changes

  • Demand does not change with price

  • Demand changes more than price changes

  • Percentage change in quantity demanded equals percentage change in price

MCQ
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उत्तर

Percentage change in quantity demanded equals percentage change in price

Explanation:

Unit elasticity means the percentage change in quantity demanded is exactly equal to the percentage change in price.

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