If a Good Has Unitary Price Elasticity of Demand,then the Absolute

question 17

Multiple Choice

If a good has unitary price elasticity of demand,then the absolute value of the percentage change in

• A) quantity exactly equals one.
• B) price exactly equals one.
• C) the quantity demanded equals the absolute value of the corresponding percentage change in price.
• D) quantity demanded and the absolute value of the corresponding percentage change in price both equal one-half and total one.