If the demand for pineapples is unit elastic,the value of the price elasticity of demand for pineapples is:
A)20.
B)2.0.
C)10.0.
D)1.0.

Name: If the demand for pineapples is unit elastic,the value of the price elasticity of demand for pineapples is: A)20. B)2.0. C)10.0. D)1.0.
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Question

Quizplus · Accepted Answer

A price elasticity of demand of 1 indicates unit elasticity, which means that a percentage change in price will result in an equal percentage change in quantity demanded. Therefore, D is the correct answer.

If the Demand for Pineapples Is Unit Elastic,the Value of the Price