If elasticity of demand equals one, demand is:
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option D
Explanation:
Unitary elasticity occurs when percentage change in quantity demanded is exactly equal to percentage change in price. Total revenue usually stays constant.
Unitary elasticity occurs when percentage change in quantity demanded is exactly equal to percentage change in price. Total revenue usually stays constant.