Скачать или смотреть Unitary Elastic Demand: Price Drop Impact

Discover what happens to total expenditure when demand is unitary elastic and the price decreases. This short explains the concept of unitary elastic demand, where a decrease in price is perfectly offset by an increase in quantity demanded, keeping total expenditure unchanged. Perfect for 12th-grade Economics students studying the Elasticity of Demand. Question: What happens to total expenditure when demand is unitary elastic and price decreases? Options: Increases, Decreases, Remains constant, Cannot be determined. Correct answer: Remains constant. Dive into the fascinating world of economics with us!

Standard: 12th
Subject: ECONOMICS
Medium: English

Chapter: ELASTICITY OF DEMAND
Chapter Number: 3.2
Book Page: 27

Difficulty: medium

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