The elasticity closest to unit elastic would beA) 0.B) 0.2.C) 1.4.D) 5.E) 10.

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Larry Durand · Accepted Answer

Final Answer : C, Explanation :  Unit elasticity means that the percent change in quantity demanded is equal to the percent change in price. An elasticity of 1.4 falls between elasticities greater than 1 (inelastic) and less than one (elastic), indicating a relatively close relationship between price and demand.

The elasticity closest to unit elastic would be

A) 0.
B) 0.2.
C) 1.4.
D) 5.
E) 10.

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