Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 17P: If a 10 decrease in the price of one product that you buy causes an 8 increase in quantity demanded...
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![55. If demand is unitary elastic, a 25%
increase in price will result in
A. O 25% change in total revenue
B. O No change in quantity demanded
C. O 1% decrease in quantity demanded
D. O 25% decrease in quantity
demanded](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff29ea59e-a9de-45af-8bca-805bcd22579d%2F4b18865a-f411-4151-b952-8d9390eae861%2F4qko2_processed.jpeg&w=3840&q=75)
Transcribed Image Text:55. If demand is unitary elastic, a 25%
increase in price will result in
A. O 25% change in total revenue
B. O No change in quantity demanded
C. O 1% decrease in quantity demanded
D. O 25% decrease in quantity
demanded
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