When Demand Is Unit Elastic, a 7 Percent Change in the Price

Multiple Choice

When demand is unit elastic, a 7 percent change in the price of the good

A) will cause a change in quantity demanded of less than 7 percent.
B) will cause a change in quantity demanded equal to 7 percent.
C) will cause a change in quantity demanded greater than 7 percent.
D) will not cause any change in quantity demanded.