Demand is said to be ____ when the quantity demanded changes the same proportion as the price.
A)independent
B)inelastic
C)unit elastic
D)elastic
E)flexible

Question

Quizplus · Accepted Answer

Unit elastic demand occurs when the percentage change in quantity demanded is equal to the percentage change in price. In other words, the demand is neither too sensitive nor too unresponsive to changes in price. A unit elastic demand curve is a straight line that slopes downward, and the elasticity coefficient is equal to one.

Demand Is Said to Be ____ When the Quantity Demanded