Economics · Theory of Demand
In which type of demand is the price elasticity of demand (e p ) equal to 1?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Inelastic demand
- 2Perfectly inelastic demand
- 3Unitary elastic demand✓
- 4Perfectly elastic demand
Correct answer
Unitary elastic demand
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