Difference between revisions of "Unit elasticity of demand"

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(Undo revision 912369 by DHWatson (talk))
 
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Why are you even bothering with this? This encyclopedia is too much of a laughing stock that nobody takes anything here seriously. You need to start doing the same
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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.
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[[Category:Economics]]

Latest revision as of 02:59, September 9, 2011

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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