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If a Store Sells a Good That Has a Unitary

Question 259

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If a store sells a good that has a unitary elastic demand, what would be the net result on their total revenue from an increase in price?


A) There would be a decrease in total revenue.
B) There would be no change in total revenue.
C) There would be an increase in total revenue.
D) There would be an initial increase, followed by a decrease, in total revenue.

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