-Refer to Figure 5.6.The demand for milkshakes is unitary elastic at point C.If the price of a milkshake is reduced from to total revenue:
A)will increase.
B)will decrease.
C)will remain constant.
D)could either increase or decrease.

Question

-Refer to Figure 5.6.The demand for milkshakes is unitary elastic at point C.If the price of a milkshake is reduced from  to  total revenue:
A)will increase. 
B)will decrease. 
C)will remain constant. 
D)could either increase or decrease.

Quizplus · Accepted Answer

The Answer of 
-Refer to Figure 5.6.The demand for milkshakes is unitary elastic at point C.If the price of a milkshake is reduced from  to  total revenue:
A)will increase. 
B)will decrease. 
C)will remain constant. 
D)could either increase or decrease.