Economics B A-Level
Unitary elasticity
What Unitary elasticity means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Unitary elasticity
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Reference: Pearson Edexcel
A value of exactly -1, representing unitary elasticity.
Topics that use Unitary elasticity
- 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 elasticity in the exam
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