If consumers spend a fixed amount of money on a product regardless of the price, the demand Can be said to be:

Name: If consumers spend a fixed amount of money on a product regardless of the price, the demand Can be said to be:
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When consumers spend a fixed amount of money on a product regardless of the price, the demand is unitary elastic, meaning the percentage change in quantity demanded is equal to the percentage change in price.

If Consumers Spend a Fixed Amount of Money on a Product