MATCHING
Identify the letter of the choice that best matches the phrase or definition.
-When any change in price is met by an equal and opposite change in demand
A)Solver
B)unit elastic
C)constraint
D)add-in
E)answer report
F)not binding
G)Goal Seek
H)slack
I)limits report
J)result
K)changing
L)objective

Question

Quizplus · Accepted Answer

This is the definition of unit elasticity, where a change in price results in an equal and opposite change in demand.

MATCHING Identify the Letter of the Choice That Best Matches the the Phrase