Marien1225 Marien1225
  • 12-03-2024
  • Business
contestada

When demand is unit elastic, a change in price causes total revenue to stay the same because:
a) Consumers are not responsive to price changes
b) Consumers buy exactly the same quantity regardless of price changes
c) The percentage change in quantity demanded equals the percentage change in price
d) There is no relationship between price and quantity demanded

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