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Unit elasticity of demand (view source)
Revision as of 02:00, September 9, 2011
, 02:00, September 9, 2011no edit summary
'''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]]