Match the statements in column I with the correct statement in column II i. Elastic demand a. e>1 ii. Unitary elastic demand b. e<1 iii. Inelastic demand c. e=1

i-a, ii-c, iii-b i-b,ii-c,ii-a i-c,ii-b,iii-a i-a,ii-b,ii-c

i-a, ii-c, iii-b

Demand is unitary elastic when its value is 1. It is inelastic when it is less than 1 and elastic when greater than 1.