Author Question: If the price elasticity of demand is 1, demand is: (Read 47 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?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

For a complete list of videos, visit our video library