If the demand for a product is unit-elastic a 25 percent, Ask an Expert

Economics

If the demand for a product is unit-elastic, a 25 percent increase in its price will result in: a. no change in quantity demanded. b. a 25 percent decrease in quantity demanded. c. a 25 percent change in total revenue. d. a 100 percent change in quantity demanded. e. a 1 percent increase in quantity demanded.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91924665

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