Multiple Choice
Refer to the information provided in Figure 5.4 below to answer the question(s) that follow. Figure 5.4
-Refer to Figure 5.4. The demand for milkshakes is unit elastic at Point C. If a store increases the price of a milkshake from P4 to P3, its total revenue will
A) increase.
B) decrease.
C) remain constant.
D) either increase or decrease.
Correct Answer:

Verified
Correct Answer:
Verified
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