--%>

Unitarily elastic for all prices and quantities

On such demand curve for pizza as in below demonstrated graph, there demand is: (w) elastic for all prices and quantities demonstrated. (x) unitarily elastic for all prices and quantities shown. (y) elastic at high prices and inelastic at low prices. (z) inelastic at all prices and quantities demonstrated.

460_pizza budgets graph.png

Hey friends please give your opinion for the problem of Economic that is given above.

   Related Questions in Microeconomics

  • Q : Long-run competitive pressures in

    When economic losses are widespread within a purely competitive industry, in that case long-run competitive pressures tend to cause: (i) accelerating economic losses. (ii) prices to fall while firms leave the industry. (iii) productio

  • Q : Least probable resource for supply curve

    The resource least probable to conform to the supply curve demonstrated in this figure would be: (w) land. (x) capital. (y) labor. (z) entrepreneurship.

    Q : Pricing strategy In a competitive

    In a competitive pricing strategy how does one can arrive for a multi-service practice where there are no specific products in question?

  • Q : Characteristics of Labor-Leisure

    Can someone help me in finding out the right answer from the given options. When the wage rate paid for the labor rises, then: (i) Supply of labor raises (ii) Opportunity cost of the leisure increases. (iii) Workers always supply additional labor. (iv) Level of the na

  • Q : Increase in Income Tax Progressivity

    When this figure demonstrated Lorenz curves for distribution of income after taxes and transfers, in that case it is UNTRUE of the Lorenz curves demonstrated in this demonstrated figure that: (1) line 0E0' represents a Lorenz curve of

  • Q : Production at exceeds marginal costs by

    For any profit-maximizing monopolist not capable to price discriminate, production arises at an output level where is: (w) price exceeds marginal costs [P > MC]. (x) marginal revenue exceeds marginal costs [MR >

  • Q : Riskiness of an Investment When the

    When the riskiness of an investment into an apartment complex warrants a 12.5% annual rate of return and the complicated is expected to generate net cash flow (as after utilities, preservation and other costs) of $2 million per year,

  • Q : Determine Gini index in Loren curve

    Since lifetime earning patterns differ, in that case the Gini index will: (1) continue to rise over time. (2) never reach zero or perfect equality. (3) remain constant. (4) surpass 100 in the near future. (5) be lower for developing countries than for

  • Q : Words of Joseph A. Schumpeter about

    According to Joseph A. Schumpeter as: (1) refined and popularized the idea that profits derive by innovation. (2) perceived profits as rewards for bearing uncertainty. (3) believed which monopoly firms are so inefficient which none fully realize their

  • Q : Derived Demand for the Labor Can

    Can someone please help me in finding out the accurate answer from the following question. Declines in international price of oil would be most probable to cause: (1) Wages of bicycle factory workers to rise. (2) Demand for automobiles to reduce. (3) Incomes of the ge