Inelastic demand
Unitarily elastic demand
Zero elastic demand
Elastic demand
✅ The correct answer is B.
If the price of ‘X’ rises by 10 percent and the quantity demanded falls by 10 percent, ‘X’ has Unitarily elastic demand.
If the price of ‘X’ rises by 10 percent and the quantity demanded falls by 10 percent, ‘X’ has Unitarily elastic demand.