Complete the following table by indicating whether total revenue will increase, decrease, or remain unchanged in each scenario. Scenario Total Revenue Price rises and demand is unitary elastic.      Price falls and demand is inelastic.      Price rises and demand is inelastic.

Survey Of Economics
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ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
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Complete the following table by indicating whether total revenue will increase, decrease, or remain unchanged in each scenario.
Scenario
Total Revenue
Price rises and demand is unitary elastic.     
Price falls and demand is inelastic.     
Price rises and demand is inelastic.     
 
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