Unit Elastic Demand Occurs When

question 94

Multiple Choice

Unit elastic demand occurs when

• A)a one-unit increase in price leads to a one-unit decrease in quantity demanded
• B)a 1% increase in price leads to a one-unit decrease in quantity demanded
• C)price elasticity of demand is positive
• D)price elasticity of demand is exactly zero
• E)price elasticity of demand is exactly -1

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Definitions:

United States

A federal republic located in North America, comprising 50 states and known for its significant global economic, cultural, and military influence.

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A heavy radioactive metallic element used primarily as a fuel in nuclear reactors and in the manufacturing of nuclear weapons.

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A set of components or methods designed to protect people and the environment from potential harm or damage.