If a sandwich shop near campus increases its prices by 5 percent, but revenues from its sales are unchanged, the price elasticity of demand for the services offered by the sandwich shop must be
A) elastic.
B) of unitary elasticity.
C) inelastic.
D) equal to 0.5.

Question

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The Answer of If a sandwich shop near campus increases its prices by 5 percent, but revenues from its sales are unchanged, the price elasticity of demand for the services offered by the sandwich shop must be
A) elastic.
B) of unitary elasticity.
C) inelastic.
D) equal to 0.5.

If a Sandwich Shop near Campus Increases Its Prices by 5