When Demand Is Unitary Elastic,then a Change in Price Will

question 18

True/False

When demand is unitary elastic,then a change in price will leave expenditures on the commodity at a greater value.

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Definitions:

Gallons

A unit of volume used in the United States customary and British imperial systems, used mainly for measuring liquids.

Luncheon

A formal or informal meal taken in the middle of the day, typically involving a variety of foods.

Chef

A professional cook, often the head of a kitchen in a restaurant or hotel.

Feet

A unit of length in the imperial and US customary systems, equal to 12 inches or 0.3048 meters.