Author Question: If the price elasticity of demand is 1, demand is: (Read 40 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?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

For a complete list of videos, visit our video library