If the Price Elasticity of Demand for Good X Is

question 150

Multiple Choice

If the price elasticity of demand for Good X is 1 in absolute value, which of the following is TRUE? I. When the price of the good changes, the total revenue for the product does not change. II. A percentage drop in price will lead to an equal percentage increase in quantity demanded. III. When the price of the product rises, total revenue also increases.

• A) I only
• B) I and II only
• C) II and III only
• D) II only

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Stranger

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An act in which a person intentionally sexually touches another person without that person's consent, or coerces or physically forces a person to engage in a sexual act against their will.