Solved

If Demand Is Unit Elastic

Question 108

Multiple Choice

If demand is unit elastic:


A) ​Total revenue and prices rise and fall together.
B) ​Total revenue rises as price falls.
C) ​Total revenue falls as price rises.
D) ​Total revenue remains constant as price rises or falls.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q103: Suppose a 5 percent increase in price

Q104: If an increase in price causes total

Q105: If the supply curve for a product

Q106: If the elasticity of supply of a

Q107: When a tax is placed on a

Q109: The longer the time period considered, the

Q110: If the short run elasticity of demand

Q111: If a small change in price will

Q112: Assume that the elasticities of supply and

Q113: If the estimated elasticity of supply coefficient