A unit price elastic demand curve will touch :
(A) both price and quantity axis
(B) neither price axis, nor quantity axis
(C) only price axis
(D) only quantity axis
Correct Answer : neither price axis, nor quantity axis
Unit elastic refers to an elasticity alternative in which any percentage change in price causes an equal percentage change in quantity. In other words, any change in price, whether big or small, triggers exactly the same percentage change in quantity.
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