If the Demand for a Good Is Unit Elastic, Then

question 48

Multiple Choice

If the demand for a good is unit elastic, then a 5 percent increase in price results in

• A)a 5 percent increase in total revenue.
• B)a 5 percent decrease in total revenue.
• C)no change in total revenue.
• D)an increase in total revenue greater than 5 percent.
• E)an increase in total revenue less than 5 percent.

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Specialized public relations practice focused on the communication needs and strategies of clients within the healthcare industry.

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A medical professional who represents the common attributes, skills, and knowledge level found within the medical community, based on median standards.

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