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Author Question: If the price elasticity of demand is 1, demand is: (Read 46 times)

Garrulous

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on: Jul 20, 2019
If the price elasticity of demand is 1, demand is:
◦ inelastic.
◦ unitary elastic.
◦ elastic.
◦ upward sloping.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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djofnc

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Reply #1 on: Jul 20, 2019
unitary elastic.


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Garrulous

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Reply #2 on: Jul 20, 2019
Thanks


djofnc

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Reply #3 on: Jul 20, 2019
Welcome :)


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