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What is meant by unitary elastic demand? - Economics

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Questions

What is meant by unitary elastic demand?

What is unitary elastic demand?

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Solution

When the percentage change in quantity demanded is equal to the percentage change in price, then demand is said to be unitary elastic.

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Chapter 4: Elasticity of Demand - TEST YOURSELF QUESTIONS [Page 72]

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Frank Economics [English] Class 12 ISC
Chapter 4 Elasticity of Demand
TEST YOURSELF QUESTIONS | Q 8. | Page 72
Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 2 Elasticity of Demand
QUESTION BANK | Q 5. a | Page 45
R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 3 Elasticity of Demand
TEST QUESTIONS | Q A. 5. | Page 3.16
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