Refer to the information provided in Figure 5.4 below to answer the question(s) that follow. 
Figure 5.4
-Refer to Figure 5.4. The demand for milkshakes is unit elastic at Point C. If a store reduces the price of a milkshake from P3 to P4, its total revenue will
Definitions:
Sales to Total Assets Ratio
A financial metric that measures how efficiently a company is using its assets to generate sales.
Total Assets
The total value of everything a company owns, both current and non-current, as recorded on the balance sheet.
Single-step Statement
A simple form of income statement that calculates net income by subtracting total expenses from total income in one step.
Multiple-step Statement
An income statement that separately reports operating and non-operating activities, making it easier to understand the financial results.
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