It is the price for 1 "item". The item may be a can, on 100 ml
or 1 kilogram and the idea is that calculating the unit price
allows comparison of things that are sold in different
packaging.
It is the price for 1 "item". The item may be a can, on 100 ml
or 1 kilogram and the idea is that calculating the unit price
allows comparison of things that are sold in different
packaging.
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An objects quantity at the price of 1.
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Unit Elastic. The quantity demanded changes exactly 1% with
every 1% change in price.