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Ne4ueva [31]
3 years ago
13

If the price elasticity of demand for a product is unity, a decrease in price will:

Business
2 answers:
Nonamiya [84]3 years ago
6 0

Answer:

increase the quantity demanded but decrease total revenue.

r-ruslan [8.4K]3 years ago
5 0

In the case when the price elasticity of demand is unity so if there is a decrease in price then the quantity demanded should be increased and total revenue should remain the same.

The following information should be considered;

  • The price elasticity of demand is unity.
  • In this, the total revenue should be the same but there is an increase in the quantity demanded also the price should be decreased.

Therefore the above statement should be considered.

Learn more: brainly.com/question/19091385

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