Unitary Elasticity

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August 25, 2024 4 min read Definitions

Unitary Elasticity: Understanding Equal Proportionate Change in Demand and Price

Economics Unitary Elasticity Price Elasticity Microeconomics Consumer Behavior Market Dynamics

Unitary Elasticity occurs when a proportional change in the price of a good leads to an equal proportional change in quantity demanded, resulting in no change in total expenditure. This comprehensive entry delves into the concept, examples, implications, and related terms.

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