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Refer to the Information Provided in Figure 5

Question 117

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Refer to the information provided in Figure 5.4 below to answer the question(s) that follow. 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 P<sub>4</sub> to P<sub>3</sub>, its total revenue will A)  increase. B)  decrease. C)  remain constant. D)  either increase or decrease. 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.

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