Economics A-Level
Unitary elasticity
What Unitary elasticity means in Economics A-Level, as defined for AQA.
Definition of Unitary elasticity
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Reference: AQA
A value of exactly 1, where the percentage change in quantity supplied exactly matches the percentage change in price.
Topics that use Unitary elasticity
- Price elasticity of supply (AQA A-Level)
Related terms
Using Unitary elasticity in the exam
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