Where the price elasticity of demand for a commodity is unity, a rise in its price will
- Adecrease the quantity purchased.
- Bhave no effect on consumer surplus.
- Cincrease total expenditure on the commodity.
- Dleave the quantity purchased unchanged.
Economics 9708 · AS & A Level · Price elasticity of demand
Where the price elasticity of demand for a commodity is unity, a rise in its price will