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The demand for a product is unit elastic. At a price of $20, 10 units of a product are sold. If the price is increased to $40, then one would expect sales to equal:

Sagot :

ayfat23

It should be noted that when demand for a product is unit elastic and one would expect sales to equal: 5 units.

What is elastic demand?

An elastic demand can be regarded as the demand whereby change in quantity demanded due to a change in price is large.

An inelastic demand entails change in quantity demanded due to a change in price is small.

Learn more about elastic demand at;

https://brainly.com/question/24384825

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