please check the answer
Q7.Define unitary elastic demand and draw a curve for it.what is the significance of the unitary elastic demand?
ans.Unitary elastic demand -when the percentage change in the quantity demanded is equal to the percentage change in price ,then the demand for such commodity is said to be unitary this case Ed=1

Dear student

Your answer is correct

In Unitary elastic demand, elasticity = 1 at all points of demand curve.


  • -3
What are you looking for?