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  3. Study Set
    Economics Study Set 2
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    Exam 18: The Price Elasticities of Demand and Supply
  5. Question
    If Demand Is Unit Elastic and Price Is _________,Total Revenue
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If Demand Is Unit Elastic and Price Is _________,Total Revenue

Question 120

Question 120

Multiple Choice

If demand is unit elastic and price is _________,total revenue will ________.


A) raised;increase
B) raised;decrease
C) lowered;increase
D) lowered;remain unchanged

Correct Answer:

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