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Unit elastic demand occurs when
Answer

a one-unit increase in price leads to a one-unit decrease in quantity demanded

a 1% increase in price leads to a one-unit decrease in quantity demanded

price elasticity of demand is positive

price elasticity of demand is exactly zero

price elasticity of demand is exactly -1

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91037971

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