-In the above figure, the range of unit elasticity occurs
A) on the vertical axis.
B) on the horizontal axis.
C) between point c and point d.
D) below point e.

Question

-In the above figure, the range of unit elasticity occurs
A) on the vertical axis. 
B) on the horizontal axis. 
C) between point c and point d. 
D) below point e.

Quizplus · Accepted Answer

The range of unit elasticity on a demand curve is where the price elasticity of demand is exactly equal to one, meaning that a change in price leads to a proportionate change in quantity demanded. This typically occurs at the midpoint of a linear demand curve, which would be between two points like c and d, assuming they are positioned such that this section represents the midpoint in terms of elasticity.

-In the Above Figure, the Range of Unit Elasticity Occurs