The elasticity of demand is equal to one indicates
A. Unitary Elastic Demand
B. Perfectly Elastic Demand
C. Perfectly Inelastic Demand
D. Relatively Elastic Demand
Answer:A
The elasticity of demand is equal to one indicates
A. Unitary Elastic Demand B. Perfectly Elastic Demand C. Perfectly Inelastic Demand D. Relatively Elastic Demand