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the claim
The graph of unitary elastic demand forms a hyperbola
the verdict
COMMON KNOWLEDGE
no citation needed for this one
refutedsupported
the weight of evidence
no sources on either side

The claim that the graph of unitary elastic demand forms a rectangular hyperbola is a standard economic definition based on the constant elasticity formula (where price times quantity equals a constant), so no citation is needed.

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The analysis

The claim describes a fundamental mathematical and economic definition: a demand curve with a constant unitary price elasticity (elasticity equal to 1) has the algebraic form P * Q = C, which is the equation of a rectangular hyperbola. Because this is a definitional truth of basic microeconomics directly observable from the formula, it constitutes common knowledge and does not require empirical citation from the retrieved literature.

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first checked04 Aug 2026
judged → COMMON KNOWLEDGE · 9504 Aug 2026
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