Which of the Statements Below Does Not Describe a Demand

question 64

Multiple Choice

Which of the statements below does not describe a demand curve that is unit elastic?

• A) The percentage change in the quantity demanded = percentage change in product price.
• B) An increase in product price will not change total revenue.
• C) The price elasticity of demand equals one.
• D) A change in price does not change quantity demanded.
• E) A decrease in product price will not change total revenue.

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