A demand curve with constant unitary elasticity at every point takes the shape of a rectangular hyperbola. Along it, total expenditure (P×Q) remains constant because any price change is exactly offset by an equal proportional change in quantity demanded.
Elasticity of demand is constant and equal to 1 at every point on the demand curve. The shape of such a demand curve would be :
CUET UG 2022 — Economics Micro
2022mcqmedium
Elasticity of demand is constant and equal to 1 at every point on the demand curve. The shape of such a demand curve would be :
Official previous-year question
Verified 13 Jul 2026.
Options
- A
Horizontal straight line
- B
Vertical straight line
- C
Downward sloping curve
- D
Rectangular hyperbola
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