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-Refer to Figure 5

Question 24

Multiple Choice

-Refer to Figure 5.6.The demand for milkshakes is unitary elastic at Point C.If the price of a milkshake is reduced from P₃ to P₄,total revenue A) will increase. B) will decrease. C) will remain constant. D) could either increase or decrease.
-Refer to Figure 5.6.The demand for milkshakes is unitary elastic at Point C.If the price of a milkshake is reduced from P₃ to P₄,total revenue


A) will increase.
B) will decrease.
C) will remain constant.
D) could either increase or decrease.

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