If Demand Is Unit Elastic

question 108

Multiple Choice

If demand is unit elastic:

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

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Definitions:

Waking Hours

The part of the day during which an individual is awake and active.

Passive Consumers

Individuals who consume products or media without actively engaging or questioning the content or quality.

Media

Various means of communication, such as television, radio, newspapers, and the internet, that reach or influence people widely.

Watergate

A major political scandal in the United States during the early 1970s, involving a break-in at the Democratic National Committee headquarters and the Nixon administration's attempted cover-up.