If Demand Is Unit-Elastic,a 25 Percent Increase in Price Will

question 11

Multiple Choice

If demand is unit-elastic,a 25 percent increase in price will result in:

• A)a 25 percent change in total revenue.
• B)no change in quantity demanded.
• C)a 1 percent decrease in quantity demanded.
• D)a 25 percent decrease in quantity demanded.
• E)a 100 percent change in quantity demanded.

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Definitions:

Unit

A single, distinct piece of something that forms part of a larger complex structure or system.

Achieve A Goal

The process of successfully reaching a desired outcome or objective through planned actions and strategies.

Participants Persuade

In settings where decision-making or consensus is needed, participants persuade others by presenting arguments, evidence, and appeals to emotions or logic.

Content Listening

The practice of focusing on and understanding the message's content in communication, rather than form or emotional aspects.