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 the milkshake price falls from P1 to P2, 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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