The list below refers to the price elasticity of demand.
1)perfectly inelastic
2)perfectly elastic
3)unitary elasticity
4)elastic
5)inelastic
-Refer to the information above to answer this question.What is a demand curve that forms a rectangular hyperbola?
A)1.
B)2.
C)3.
D)4.
E)5.

Question

Quizplus · Accepted Answer

A demand curve that forms a rectangular hyperbola represents unitary elasticity, where the percentage change in quantity demanded is equal to the percentage change in price, thus keeping total revenue constant.

The List Below Refers to the Price Elasticity of Demand