If the elasticity of demand η = 1, then demand is ______. - Vidyadip

MCQ

If the elasticity of demand η = 1, then demand is ______.

A
constant
B
inelastic
✓
unitary elastic
D
elastic

✓

Answer

Correct option: C.

unitary elastic

If the elasticity of the demand η = 1, then demand is unitary elastic.

Explanation:

0 < η < 1 – inelastic

η > 1 – elastic

η = 1 – unitary elastic

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