If the price elasticity of demand is exactly 1,then a decrease in the price will result in an increase in total revenue.

Name: If the price elasticity of demand is exactly 1,then a decrease in the price will result in an increase in total revenue.
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Quizplus · Accepted Answer

When the price elasticity of demand is exactly 1, a decrease in price does not change total revenue because the percentage change in quantity demanded is exactly equal to the percentage change in price.

If the Price Elasticity of Demand Is Exactly 1,then a Decrease