Assertion: elasticity | /r/HasProperty | equal
Facets:
value: to one
type: OTHER
value: to the percentage change in quantity
type: OTHER
value: to unit elastic
type: OTHER
value: in equation form
type: OTHER
value: to -1
type: OTHER
value: at the midpoint, e1
type: TEMPORAL
Source sentences:
text: If the elasticity is equal to one, it means that the change in the quantity demanded is exactly equal to the change in price, so the demand response is exactly proportional to the change in price.
text: Because a change in the price of goods causes a same percentage change in the quantity demanded, or supplied, the elasticity of demand is equal to -1
text: At the midpoint, E1, elasticity is equal to one, or unit elastic.
text: When elasticity is equal to one there is unit elasticity.
text: In equation form, the elasticity of demand, or ED, is equal to the percentage change in quantity demanded over the percentage change in price.
text: Is it possible for elasticity of demand to be equal to one?