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When elasticity of demand is equal to one and the change in the quantity demanded and the change in price are exactly proportional. This type of elasticity is described as ________.

Respuesta :

Answer:

The correct answer is: unitary elasticity.

Explanation:

Unitary elasticity takes place when the change in quantity demanded of a good or service represents a proportional change in price. Under this scenario, the elasticity -measure of how prone is to react a good or service in price due to change in other factors, ceteris paribus- equals to 1.

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