Multiple Choice
The demand for a good is unit elastic with respect to price if the price elasticity of demand is:
A) equal to one.
B) greater than one.
C) less than one.
D) greater than negative one.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q71: In 1985 a desert community stopped pumping
Q72: Which of the following determines whether a
Q73: If the price of cheese falls by
Q74: Which of the following is likely to
Q75: If the percentage change in the price
Q77: Refer to the accompanying figure. What is
Q78: If the slope of a demand curve
Q79: A perfectly elastic demand curve has a
Q80: If the demand for electricity is inelastic,
Q81: Refer to the accompanying figure. When the