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प्रश्न
What is unitary elastic demand? Draw a diagram to illustrate it.
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उत्तर
When a proportional change in price causes an equivalent proportional change in demand. The coefficient for unitary elastic demand is 1.
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संबंधित प्रश्न
Draw a diagram showing a perfectly elastic demand curve.
With the help of a graph explain a perfectly inelastic demand curve.
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