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It has something to do with a strong central government.
What else can I help you with?
What does unitary demand mean?
Unitary is a reference to the type of demand elasticity. Unitary demand elasticity occurs when the elasticity of demand = 1. This indicates that the level of demand changes in-sync with the price at a 1:1 ratio.
When demand curve is rectangular Hyperbola the elasticity of demand will be?
Unitary Elactic
What are unitary elastic products?
unitary elastic products are those with a supply and demand slope=1.
What does the term unitary elastic describe?
Unitary elastic is a demand whose elasticity is exactly equal to 1.
What is unitary elasticity?
The term unitary elastic is used in economics and is also known as unitary elastic demand or unitary elasticity. It is a measure that is used to show the elasticity of the amount demanded of a product to a change in the price of the product.
When elasticity of demand for a good is exactly 1 how is demand described?
It means it is Unitary elastic.
If the elasticity of demand is equal to one then the demand is?
Unitary elasticity is when the price elasticity of demand is exactly equal to one.
What does a unitary elastic graph represent in terms of price elasticity of demand?
A unitary elastic graph represents a price elasticity of demand of 1, indicating that a change in price leads to an equal percentage change in quantity demanded.
What is rectangular hyperbola demand curve?
This is the curve which shows the unitary elastic demand where the change in quantity demanded equals with the change in price.
A demand curve with Unitary Elasticity at all points is?
Is negatively sloped linear curve
What is the formula of unitary elastic demand?
ed=(q1-q2)/q1/(p1-p2)/p1
What is an example for unitary elastic demand?
people take fewer vacations as air fare gets higher
