Demand Is Unit Elastic When

question 299

Multiple Choice

Demand is unit elastic when

• A) the slope of the demand curve is -1.
• B) a shift of the supply curve leads to no change in price.
• C) a shift of the supply curve leads to an equal shift of the demand curve.
• D) a change in the price of the product leads to no change in the total revenue.

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Definitions:

Training Function

A component of HR that deals with improving the skill set and knowledge of an organization's employees.