If a demand curve is unit elastic, then P times Q will remain constant when P changes.
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Q47: If demand is inelastic, a drop in
Q48: Buyers' expenditures and sellers' revenues are always
Q49: Total expenditure equals price times elasticity.
Q50: If seller increases the price of the
Q51: Demand elasticity equals quantity times price.
Q53: As one moves down a straight-line demand
Q54: If demand is unit elastic, then a
Q55: If demand is elastic, an increase in
Q56: A rise in price will always result
Q57: As one moves down a straight-line demand
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