Economics · Elasticity of Demand
If the proportionate change in demand is equal to the proportionate change in price, the demand is said to be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1unitary elastic demand✓
- 2relatively inelastic demand
- 3relatively elastic demand
- 4perfectly inelastic demand
Correct answer
unitary elastic demand
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