-Refer to Figure 5.6.The demand for milkshakes is unitary elastic at Point C.If the price of a milkshake is reduced from P₃ to P₄,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 P₃ to P₄,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 P₃ to P₄,total revenue
A) will increase. 
B) will decrease. 
C) will remain constant. 
D) could either increase or decrease.