Exhibit 5-15
-Which of the demand curves in Exhibit 5-15 is unit elastic?
A) the curve in graph a
B) the curve in graph b
C) the curve in graph c
D) the curve in graph d
E) the curve in graph e

Question

Exhibit 5-15 
-Which of the demand curves in Exhibit 5-15 is unit elastic?
A) the curve in graph a 
B) the curve in graph b 
C) the curve in graph c 
D) the curve in graph d 
E) the curve in graph e

Quizplus · Accepted Answer

The demand curve in graph c is unit elastic because the price elasticity of demand is equal to 1. This means that a change in price will result in an equal percentage change in quantity demanded.

Exhibit 5-15 -Which of the Demand Curves in Exhibit 5-15 Is Unit