Exhibit 5-27
-Consider Exhibit 5-27. Which graph depicts a unitary elastic demand?
A) Graph A
B) Graph B
C) Graph C
D) Graph D
E) none of the graphs depicts a unitary elastic demand

Question

Exhibit 5-27 
-Consider Exhibit 5-27. Which graph depicts a unitary elastic demand?
A) Graph A 
B) Graph B 
C) Graph C 
D) Graph D 
E) none of the graphs depicts a unitary elastic demand

Quizplus · Accepted Answer

Unitary elastic demand means that the percentage change in quantity demanded is equal to the percentage change in price, resulting in a constant total revenue. None of the graphs specifically depict this relationship without additional context or data.

Exhibit 5-27 -Consider Exhibit 5-27. Which Graph Depicts a Unitary Elastic Demand