It has something to do with a strong central government.
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.
Unitary Elactic
unitary elastic products are those with a supply and demand slope=1.
Unitary elastic is a demand whose elasticity is exactly equal to 1.
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.
It means it is Unitary elastic.
Unitary elasticity is when the price elasticity of demand is exactly equal to one.
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.
This is the curve which shows the unitary elastic demand where the change in quantity demanded equals with the change in price.
Is negatively sloped linear curve
ed=(q1-q2)/q1/(p1-p2)/p1
people take fewer vacations as air fare gets higher