If Demand Is Unit Elastic, Then

question 174

Multiple Choice

If demand is unit elastic, then

• A) a ten percent increase in price leads to a one percent decrease in quantity demanded.
• B) the percentage change in quantity demanded equals the percentage change in price.
• C) a two percent increase in price leads to a two percent decrease in quantity demanded.
• D) an increase in price of any amount leads to quantity demanded falling to zero.

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