The Demand for Good a Is Unit Elastic If

Question 13
Multiple Choice

The demand for good A is unit elastic if A)a 5 percent fall in the price of A results in an infinite increase in the quantity of A demanded. B)a 5 percent rise in the price of A results in a 10 percent decrease in the quantity of A demanded. C)any increase in the price of A results in a 1 percent decrease in the quantity of A demanded. D)a 5 percent rise in the price of A results in no change in the quantity of A demanded. E)a 5 percent rise in the price of A results in a 5 percent decrease in the quantity of A demanded.