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-A Firm Raises the Price It Charges

Question 323

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-A firm raises the price it charges.The firm's total revenue does not change.What can we conclude about the price elasticity of demand? A) Demand is elastic. B) Demand is unit elastic. C) Demand is inelastic. D) Demand is perfectly elastic. E) Not enough information is given to conclude anything about price elasticity of demand.
-A firm raises the price it charges.The firm's total revenue does not change.What can we conclude about the price elasticity of demand?


A) Demand is elastic.
B) Demand is unit elastic.
C) Demand is inelastic.
D) Demand is perfectly elastic.
E) Not enough information is given to conclude anything about price elasticity of demand.

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