# True or false? If the price elasticity of demand is equal to 0, then demand is unit elastic.

## Question:

True or false? If the price elasticity of demand is equal to 0, then demand is unit elastic.

## Price elasticity:

One can define the price elasticity of demand as the extent of change in quantity demanded of a commodity when there occurs a change in the own price of that commodity. Based on the values of price elasticity, the demand could be perfectly elastic, perfectly inelastic, elastic, inelastic or unit-elastic.