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 the milkshake price falls from P1 to P2, total revenue will
Definitions:
Corporate Social Action
Activities undertaken by businesses to further social goods beyond the interests of the company and that which is required by law.
Government Intervention
Actions taken by a government to affect or interfere with decisions made by individuals or organizations in order to correct market failures or achieve social goals.
Classical Economic Model
A framework in economics that emphasizes free markets, competition, and the minimal role of government intervention in the economy.
Corporate Social Responsibility Model
A strategic framework for companies to voluntarily incorporate social and environmental concerns into their business operations and interactions with stakeholders.
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