-In the above figure, along which range would total revenue remain unchanged by raising prices?
A) between point a and point b
B) between point c and point d
C) between point d and point e
D) below point e and above point a.

Question

-In the above figure, along which range would total revenue remain unchanged by raising prices?
A) between point a and point b 
B) between point c and point d 
C) between point d and point e 
D) below point e and above point a.

Quizplus · Accepted Answer

Total revenue remains unchanged along the range where the demand curve is unit elastic, which is typically represented by a straight line segment on a demand curve. This is because, in this range, the percentage change in quantity demanded is exactly offset by the percentage change in price, leaving total revenue (Price x Quantity) unchanged. Without seeing the actual figure, the correct answer typically involves a specific range on the demand curve (like between two points) where this condition is met. Assuming the question implies a standard demand curve scenario, the choice mentioning a specific range (between point c and point d) would be a logical answer, as it suggests a specific segment where this unit elasticity might occur.

-In the Above Figure, Along Which Range Would Total Revenue