Multiple Choice
When demand is unit elastic,price elasticity of demand
A) equals 1,and total revenue and price move in the same direction.
B) equals 1,and total revenue and price move in opposite directions.
C) equals 1,and total revenue does not change when price changes.
D) equals 0,and total revenue does not change when price changes.
Correct Answer:
Verified
Correct Answer:
Verified
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