Unitary elasticity means that an increase in sales exactly offsets a decrease in prices,so total revenue remains the same.

Name: Unitary elasticity means that an increase in sales exactly offsets a decrease in prices,so total revenue remains the same.
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Question

Quizplus · Accepted Answer

Unitary elasticity implies that the percentage change in quantity demanded is equal to the percentage change in price, resulting in no change in total revenue.

Unitary Elasticity Means That an Increase in Sales Exactly Offsets