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What does the term “unitary elastic” describe?

What does the term “unitary elastic” describe?
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What does the term “unitary elastic” describe?

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User Manish Malviya
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6 votes

Demand whose elasticity is exactly equal to 1 -Gradpoint

100% the correct answer

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User Justin Trevein
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It describes the demand for a good if a change in the price of that good also causes a change in demand.
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User Orhanhenrik
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