If Demand Is Unit Elastic, Revenue

question 161

Multiple Choice

If demand is unit elastic, revenue

• A)and price rise and fall together.
• B)rises as price falls.
• C)falls as price rises.
• D)remains constant as price rises or falls.

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Definitions:

Cataracts

A medical condition characterized by clouding of the lens in the eye, leading to decreased vision.

Glaucoma

A group of eye conditions that damage the optic nerve, often caused by abnormally high pressure in the eye, leading to loss of vision if not treated.

Macular Degeneration

A medical condition which results in blurred or no vision in the center of the visual field due to damage to the macula, often related to aging.

Exaggerated Emphasis

Placing undue stress or importance on something, often beyond what is considered reasonable or proportionate.