When total revenue remain unchanged when there is a change in price, demand is
A) unit-elastic.
B) inelastic.
C) elastic.
D) not related.

Question

Quizplus · Accepted Answer

When total revenue remains unchanged as the price changes, the demand is considered unit-elastic. This means the percentage change in quantity demanded is exactly equal to the percentage change in price, leaving total revenue unchanged.

When Total Revenue Remain Unchanged When There Is a Change