Multiple Choice
) 
Based on the information in Exhibit 52, the demand for the good is__________ and an increase in price from $40 to $60 per unit will__________ total revenue.
A) unit elastic; increase
B) elastic; decrease
C) unit elastic; not change
D) inelastic; increase
E) elastic; decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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