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Question Practice

How does total revenue react when demand is unitary elastic with a price increase?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Theory Of Consumer Behaviour
Question Bank

How does total revenue react w...

Single Answer MCQ
Q-00089409

How does total revenue react when demand is unitary elastic with a price increase?

1

Total revenue increases

2

Total revenue decreases

3

Total revenue remains the same

4

Total revenue is unpredictable

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