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The value of elasticity in case of a rectangular hyperbola demand curve will be
  • a)
    One
  • b)
    Less than one or greater than one
  • c)
    Greater than one
  • d)
    Infinity
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
The value of elasticity in case of a rectangular hyperbola demand curv...
Rectangular hyperbola curve said to be unitary elastic as elasticity along the demand curve is same.
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The value of elasticity in case of a rectangular hyperbola demand curve will bea)Oneb)Less than one or greater than onec)Greater than oned)InfinityCorrect answer is option 'A'. Can you explain this answer?
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