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When Is Demand Said to Be Unit Elastic

Question 51

Multiple Choice
When is demand said to be unit elastic A)when the quantity demanded changes by the same percentage as the price B)when the quantity demanded changes by a larger percentage than the price C)when the quantity demanded changes by a smaller percentage than the price D)when the quantity demanded does not respond to a change in price

When is demand said to be unit elastic


A) when the quantity demanded changes by the same percentage as the price
B) when the quantity demanded changes by a larger percentage than the price
C) when the quantity demanded changes by a smaller percentage than the price
D) when the quantity demanded does not respond to a change in price

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