Author Question: If the price elasticity of demand is 1, demand is: (Read 42 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
If the price elasticity of demand is 1, demand is:
◦ inelastic.
◦ unitary elastic.
◦ elastic.
◦ upward sloping.


djofnc

  • Sr. Member
  • ****
  • Posts: 318
unitary elastic.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Garrulous

  • Hero Member
  • *****
  • Posts: 686
Thanks



djofnc

  • Sr. Member
  • ****
  • Posts: 318
Welcome :)



 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

For a complete list of videos, visit our video library