If demand is unit elastic, then a 10 percent increase in price will lead to a 10 percent drop in quantity demanded.

Name: If demand is unit elastic, then a 10 percent increase in price will lead to a 10 percent drop in quantity demanded.
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Quizplus · Accepted Answer

In unit elastic demand, a change in price will lead to an equal percentage change in quantity demanded. Therefore, if the price increases by 10 percent, the quantity demanded will decrease by 10 percent.

If Demand Is Unit Elastic, Then a 10 Percent Increase