In the above graph,unit elasticity would occur at approximately point ____.

A) A
B) B
C) C
D) D
E) E

Question

In the above graph,unit elasticity would occur at approximately point ____.A) AB) BC) CD) DE) E

Melissa Bailey · Accepted Answer

Final Answer : C, Explanation :  Unit elasticity occurs where the percentage change in quantity demanded is equal to the percentage change in price, which typically happens at the midpoint of a linear demand curve. Point C is at the midpoint, indicating unit elasticity.

In the above graph,unit elasticity would occur at approximately point ____.

A) A
B) B
C) C
D) D
E) E

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