| 单词 | unitary demand |
| 释义 | unitary demandDefinition A situation that occurs when the price elasticity of demand is equal to negative one (-1). For a business, when a product exhibits unitary demand this means that a given percent shift in the price of the product results in an equal but opposite percent change in the amount of product demanded. Hence, a one percent change in price yields a one percent decline in the amount of product demanded. |
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