If price goes up or down and revenue stays the same:
a. elasticity is universal.
b. elasticity is quantum.
c. elasticity is solitary.
d. elasticity is unitary.
e. None of the above.
ANSWER: d
If price goes up or down and revenue stays the same:
a. elasticity is universal.
b. elasticity is quantum.
c. elasticity is solitary.
d. elasticity is unitary.
e. None of the above.
ANSWER: d