If total revenue remains constant after price is increased, demand is:
A) perfectly inelastic
B) unit elastic
C) perfectly elastic
D) inelastic

Name: If total revenue remains constant after price is increased, demand is: A) perfectly inelastic B) unit elastic C) perfectly elastic D) inelastic
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When total revenue remains constant after a price increase, it indicates that the percentage change in quantity demanded is equal to the percentage change in price, which is characteristic of unit elastic demand.

If Total Revenue Remains Constant After Price Is Increased, Demand