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When is elasticity of demand called Unitary?

+1 vote

asked Jan 22, 2018 in Class 12 by kratos

When is elasticity of demand called Unitary?

cbse
demand and elasticity demand
class-11
concept of supply
consumption analysis
price elasticity of demand
class-12
theory of consumer behaviour

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1 Answer

+1 vote

answered Jul 6, 2020 by kratos

Best answer

When the Percentage change in quantity demanded is equal to percentage change in price, the elasticity of demand is called unitary

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