-In the above graph,unit elasticity would occur at approximately point ____.
A)A
B)B
C)C
D)D

Name: -In the above graph,unit elasticity would occur at approximately point ____. A)A B)B C)C D)D
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

-In the above graph,unit elasticity would occur at approximately point ____.
A)A 
B)B 
C)C 
D)D

Quizplus · Accepted Answer

Unit elasticity occurs where the percentage change in quantity demanded is equal to the percentage change in price, which typically happens at the midpoint of a linear demand curve. Point C is at the midpoint, indicating unit elasticity.

-In the Above Graph,unit Elasticity Would Occur at Approximately Point