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The demand for plums is unit elastic if __ . A. a 5 percent rise in the price of plums results in a 5 percent decrease in the quantity of plums demanded B. my demand for plums increases when the price of apples falls C. any increase in the price of plums results in a 1 percent decrease in the quantity of plums demanded D. the price of plums does not change after a drought

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The demand for plums is unit elastic if __ . A. a 5 percent rise in the price of plums results in a 5 percent decrease in the quantity of plums demanded B. my demand for plums increases when the price of apples falls C. any increase in the price of plums results in a 1 percent decrease in the quantity of plums demanded D. the price of plums does not change after a drought

The demand for plums is unit elastic if __ . A. a 5 percent rise in the price of plums results in a 5 percent decrease in the quantity of plums demanded B. my demand for plums increases when the price of apples falls C. any increase in the price of plums results in a 1 percent decrease in the quantity of plums demanded D. the price of plums does not change after a drought

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Elit · 8 yıl öğretmeni
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The correct answer is A. A unit elastic demand means that the percentage change in quantity demanded is equal to the percentage change in price. Therefore, if there is a 5 percent rise in the price of plums, it would result in a 5 percent decrease in the quantity of plums demanded, indicating unit elasticity.
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