Solved

If the Demand for a Good Is Unit Elastic and the Price

Question 108

Multiple Choice

If the demand for a good is unit elastic and the price of the good increases, then


A) total revenue increases.
B) total revenue decreases.
C) total revenue is not affected.
D) the direction of the change in total revenue cannot be determined from the information given.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q103: Government wants to maximize its tax revenue

Q104: Exhibit 19-5<br>​<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 19-5 ​

Q105: A Broadway play company can only charge

Q106: Exhibit 19-7<br>​<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 19-7 ​

Q107: The longer the period of time allowed

Q109: Exhibit 19-9<br>​<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 19-9 ​

Q110: Exhibit 19-7<br>​<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 19-7 ​

Q111: If total revenue rises as a result

Q112: If the percentage change in quantity supplied

Q113: Exhibit 19-8<br>​<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 19-8 ​