_____ occurs when an increase in sales exactly offsets a decrease in price so that total revenue remains exactly the same.
A) Inelastic demand
B) Functional elasticity of demand
C) Unitary elasticity
D) Highly elastic demand
E) Fixed elasticity

Question

Quizplus · Accepted Answer

Unitary elasticity is a situation in which total revenue remains the same when prices change.

_____ Occurs When an Increase in Sales Exactly Offsets a Decrease