Difference between revisions of "Unit elasticity of demand"
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'''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. | ||
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[[Category:Economics]] | [[Category:Economics]] | ||