when elasticity of demand is one at all points on the demand curve, the demand curve wil be ?
Dear student,
If the elasticity of demand is 1 at all the points on the demand curve then the curve is a rectangular hyperbola. It is also called a unitary elastic demand curve.
If the elasticity of demand is 1 at all the points on the demand curve then the curve is a rectangular hyperbola. It is also called a unitary elastic demand curve.