Economics B A-Level
Unitary elastic demand
What Unitary elastic demand means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Unitary elastic demand
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Reference: Pearson Edexcel
Where PED equals -1, at which total revenue is maximised and remains unchanged if prices are altered.
Topics that use Unitary elastic demand
- Price elasticity of demand (PED) (Pearson Edexcel A-Level)
Related terms
- Necessity versus luxury
- Percentage changes
- Price elastic demand
- Price elasticity of demand
- Price inelastic demand
- Pricing strategies
- Substitutability
- Time periods in economics
Using Unitary elastic demand in the exam
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