A good whose demand is unitary elastic refers to:
A) one in which the absolute value of the percentage change in the quantity demanded exactly equals the absolute value of the corresponding percentage change in price.
B) one in which the absolute value of the percentage change in quantity exactly equals one.
C) one in which the absolute value of the percentage change in price exactly equals one.
D) one in which both the absolute value of the percentage change in quantity demanded and the absolute value of the corresponding percentage change in price equals one.
Correct Answer:
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