Figure 5-3
-Refer to Figure 5-3.Which demand curve is unit elastic?
A)A
B)B
C)D
D)None of the above.

Question

Figure 5-3 
-Refer to Figure 5-3.Which demand curve is unit elastic?
A)A 
B)B 
C)D 
D)None of the above.

Quizplus · Accepted Answer

A unit elastic demand curve is one where the percentage change in quantity demanded is equal to the percentage change in price, resulting in a constant elasticity of 1. Without the specific figure, it's not possible to determine which curve is unit elastic, hence "None of the above" is the correct choice.

Figure 5-3 -Refer to Figure 5-3.Which Demand Curve Is Unit Elastic