If the demand curve for comic books is expressed as Q = 10,000 * p-1, then demand has a unitary elasticity
A)only when p = 10,000.
B)only when p = 100.
C)always.
D)never.

Question

Quizplus · Accepted Answer

The demand curve Q = 10,000 * p^-1 implies that the quantity demanded (Q) is inversely proportional to the price (p), with a constant multiplier of 10,000. This form of the demand curve represents a case of unitary elasticity at all price levels, as the percentage change in quantity demanded is always equal to the percentage change in price, by definition of the inverse relationship.

If the Demand Curve for Comic Books Is Expressed as Q