Difference between revisions of "Unit elasticity of demand"
Jump to navigation
Jump to search
(New page: 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 unc...) |
|||
| (4 intermediate revisions by 4 users not shown) | |||
| Line 1: | Line 1: | ||
| − | 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]] | ||