The elasticity closest to unit elastic would be
A)0.
B)0.2.
C)1.4.
D)5.
E)10.

Name: The elasticity closest to unit elastic would be A)0. B)0.2. C)1.4. D)5. E)10.
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Question

Quizplus · Accepted Answer

Unit elasticity means that the percent change in quantity demanded is equal to the percent change in price. An elasticity of 1.4 falls between elasticities greater than 1 (inelastic) and less than one (elastic), indicating a relatively close relationship between price and demand.

The Elasticity Closest to Unit Elastic Would Be