Figure 7-16
-Which of the demand curves in Figure 7-16 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

Figure 7-16 
-Which of the demand curves in Figure 7-16 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

A unit elastic demand curve is represented by a rectangular hyperbola, where the percentage change in quantity demanded is exactly equal to the percentage change in price. This characteristic is typically depicted in graph c.

Figure 7-16 -Which of the Demand Curves in Figure 7-16 Is Unit