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    Exam 5: Elasticity: a Measure of Responsiveness
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    -Refer to Figure 5
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-Refer to Figure 5

Question 34

Question 34

Multiple Choice

  -Refer to Figure 5.6.The demand for milkshakes is unitary elastic at point C.If the price of a milkshake is reduced from   to   total revenue: A) will increase. B) will decrease. C) will remain constant. D) could either increase or decrease.
-Refer to Figure 5.6.The demand for milkshakes is unitary elastic at point C.If the price of a milkshake is reduced from   -Refer to Figure 5.6.The demand for milkshakes is unitary elastic at point C.If the price of a milkshake is reduced from   to   total revenue: A) will increase. B) will decrease. C) will remain constant. D) could either increase or decrease. to   -Refer to Figure 5.6.The demand for milkshakes is unitary elastic at point C.If the price of a milkshake is reduced from   to   total revenue: A) will increase. B) will decrease. C) will remain constant. D) could either increase or decrease. total revenue:


A) will increase.
B) will decrease.
C) will remain constant.
D) could either increase or decrease.

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