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Unit-Elastic Demand Occurs When _____

Question 100

Multiple Choice

Unit-elastic demand occurs when _____


A) a one-unit increase in price leads to a one-unit decrease in quantity demanded.
B) a 1 percent increase in price leads to a one-unit decrease in quantity demanded.
C) the price elasticity of demand is negative.
D) the price elasticity of demand is exactly zero.
E) the price elasticity of demand is exactly 1.

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