When the price elasticity of demand is equal to one, the demand curve is

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Question:

When the price elasticity of demand is equal to one, the demand curve is

A.

rectangular hyperbola

B.

parallel to the horizontal axis.

C.

parallel to the vertical axis

D.

negatively sloped straight line

Answer» a. rectangular hyperbola

Note: The above multiple-choice question is for all general and Competitive Exams in India.