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    Principles of Economics Study Set 12
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    Exam 4: Subtleties of the Supply and Demand Model
  5. Question
    If Demand for a Product Is Unit Elastic, Then Increasing
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If Demand for a Product Is Unit Elastic, Then Increasing

Question 54

Question 54

True/False

If demand for a product is unit elastic, then increasing the price of the product leaves total revenue unchanged.

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