If demand is unitary elastic, a 25% increases in price will result in

If demand is unitary elastic, a 25% increases in price will result in

Q. If demand is unitary elastic, a 25% increases in price will result in:

  1. 25% change in total revenue
  2. No change in quantity demanded
  3. 1% decrease in quantity demanded
  4. 25% decrease in quantity demanded

Answer: 25% decrease in quantity demanded

Demand and Supply MCQs
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