When the price elasticity of demand is equal to one, the demand curve is | Faculties

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Mr. Dubey

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📊 Fundamentals of Economics

Q. When the price elasticity of demand is equal to one, the demand curve is

(A) rectangular hyperbola
(B) parallel to the horizontal axis.
(C) parallel to the vertical axis
(D) negatively sloped straight line

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✅ Correct Answer: (A) rectangular hyperbola

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