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Unit elasticity of demand (view source)
Revision as of 23:56, November 3, 2007
, 23:56, November 3, 2007und
Unit price elasticity of demand, or unitary demand, is when an increase in price causes the same percent decrease in quantity demanded, and total revenue (price times quantity) remains unchanged.
'''Unit price elasticity of demand''', or unitary [[demand]], is when an increase in [[price]] causes the same percent decrease in quantity demanded, and total [[revenue]] (price times quantity) remains unchanged.
[[Category:Economics]]
[[Category:Economics]]