Multiple Choice
If the demand for a good is unit elastic, then _____.
A) the percentage increase in revenue is greater than the percentage decrease in price
B) the percentage increase in revenue is equal to the percentage decrease in price
C) the percentage change in the quantity demanded is equal to zero
D) the percentage change in revenue is equal to zero
E) the percentage increase in revenue is lesser than the percentage decrease in price
Correct Answer:
Verified
Correct Answer:
Verified
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