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प्रश्न
The elasticity of demand on a rectangular hyperbola demand curve is ______.
पर्याय
relatively elastic
relatively inelastic
unitary elastic
perfectly inelastic
MCQ
रिकाम्या जागा भरा
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उत्तर
The elasticity of demand on a rectangular hyperbola demand curve is unitary elastic.
Explanation:
A rectangular hyperbola demand curve represents a unique market scenario in which the price elasticity of demand (ed) is exactly equal to one (ed = 1) at every point along the curve. This mathematical feature exists because any % change in the product’s price causes an equivalent, absolutely proportional percentage change in the amount demanded. Consumer spending (Price × Quantity) remains constant regardless of market price changes.
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