--%>

On which point demand appears to be unitarily elastic

On this demonstrated figure of demand curve for DVD games, demand appears to be approximately unitarily elastic at: (w) Q = O, P = $50. (x) Q = 10, P = $O. (y) Q = 5, P = $25. (z) No point on the demand curve.

1507_Price Elasticity of Demand2.png

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Microeconomics

  • Q : Spending on rail safety ‘How be

    ‘How be supposed to the government decide whether to spend in additional rail safety measures?’

  • Q : Decreases in market demand of

    Decreased market demand for generic bricks would result in a(n) ___________ in the price of bricks and a(n) ___________ in this brickyard’s profit-maximizing output. (w) increase; decrease. (x) increase; increase. (y) decrease;

  • Q : Determine linear demand curve-elasticity

    Beside a negatively sloped, that has straight-line demand curve, there one constant is: (w) price. (x) quantity demanded. (y) slope. (z) the price elasticity of demand. Please guys help to solve this problem of

  • Q : Market Prices signals I have a problem

    I have a problem in economics on Market Prices signals. Please help me in the following question. Market prices are the: (1) Signals among sellers and buyers. (2) Generally higher than the opportunity costs. (3) Set by the government regulations. (4)

  • Q : Concentration ratio explain the concept

    explain the concept of a concentration ratio. is the concentration ratio in a monoplistically competitive industry likely to be higher than for a perfectly competitive industry?

  • Q : Illustrate an example of arbitrage

    Purchasing oil into Kuwait for $22 per barrel and selling that you purchased for $30 per barrel into Sao Paolo is an illustration of: (w) speculation. (x) bifurcation. (y) a subsidy. (z) arbitrage. I need a good answer on the topic

  • Q : Define Marginal rate of Substitution or

    Marginal rate of Substitution (MRS): It is the rate at which a consumer is prepared to give up one good to get the other good.

  • Q : Problem on bonds and interest rate The

    The _______ price for a lately issued bond signifies that the firm issuing the bond is paying the _______ interest rate to borrow the funds. (1) Lower; lower. (2) Lower; higher. (3) Higher; higher. (4) None of the above. The interest rate is fixed.

    Q : Lacking of competition in the product

    Can someone help me in finding out the right answer from the given options? The lack of competition in the product market outcomes in: (1) Less labor being appointed than if the markets were competitive. (2) More labor being hired than if the markets were competitive.

  • Q : Causes of decrease in demand Illustrate

    Illustrate any three causes of decrease in demand? Answer: 1) Reduce in income of consumer. 2) Fall in the price of alternate good.3) Increase in the price of complementary goods.