What Is an Example for Unitary Elastic Demand?

Answer

Unitary elastic is a term used in economics. It is defined as a situation where a change in one factor causes an equal or proportional change in another factor. An example would be that a price increase of 5% will result in a reduction in demand of 5%.
Q&A Related to "What Is an Example for Unitary Elastic Demand"
people take fewer vacations as air fare gets higher.
http://wiki.answers.com/Q/What_is_an_example_for_u...
When a change in demand is greater than the change in price, the demand on the product or good is said to be elastic. When a product is elastic, slight changes in price lead to huge
http://www.ehow.com/info_7792939_elastic-unitary-i...
Generally, you won't find an example of a unitary elastic company, because unitary elasticity is not a phenomena that occurs everywhere on a demand curve. Generally, the left side
http://answers.yahoo.com/question/index?qid=200703...
Situation where a change in the market price of a good results in no change in the total amount spent for the good within the market. See also price elasticity .
http://www.answers.com/topic/unitary-elasticity
Explore this Topic
In the field of economics, the term "unitary elasticity" refers to a situation in which a shift in one factor leads to a proportional or equal shift ...
Some examples of elastic forces include hair ties, pants with elastic band waists, rubber bands, and resistance bands used for exercise. Another example of elastic ...
Elastic collisions are collisions where no energy is lost. One example of an elastic collision is two rubber balls hitting together. Another example is when two ...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014 Ask.com