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Choose the correct alternative. If elasticity of demand η = 1, then demand is - Mathematics and Statistics

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Question

Choose the correct alternative.

If elasticity of demand η = 1, then demand is

Options

  • constant

  • inelastic

  • unitary elastic

  • elastic

MCQ
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Solution

unitary elastic

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Chapter 4: Applications of Derivatives - Miscellaneous Exercise 4 [Page 113]

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Balbharati Mathematics and Statistics 1 (Commerce) [English] Standard 12 Maharashtra State Board
Chapter 4 Applications of Derivatives
Miscellaneous Exercise 4 | Q 1.3 | Page 113

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