If a price decrease results in no change in seller's total revenue then
A)supply determined demand
B)supply is unresponsive to demand
C)demand is elastic
D)demand is inelastic
E)demand is unitary elastic

Question

Quizplus · Accepted Answer

When demand is unitary elastic, a price change does not affect total revenue because the percentage change in quantity demanded is exactly equal to the percentage change in price.

If a Price Decrease Results in No Change in Seller's