Question

polar cases of elasticity and constant elasticity
monday by 11:59pm points 100 submitting an external tool available until sep 28 at 11:59pm
which portion of the demand curve for good x is unitary elastic?
select the correct answer below:
point a to point b
point b to point c
point c to point d
point d to point e

Explanation:

Step1: Recall unit - elastic definition

Unit - elastic demand has a price - elasticity of demand (PED) equal to 1, meaning the percentage change in quantity demanded is equal to the percentage change in price.

Step2: Analyze the given percentage changes

From the graph, between Point B to Point C, the percentage change in price is 30% and the percentage change in quantity is also 30%.

Answer:

Point B to Point C