When demand is unit elastic, a change in price causes total revenue to stay the same because A. total revenue never changes with price changes. B. the percentage change in quantity demanded exactly offsets the percentage change in price. C. the change in profit is offset by the change in production cost. D. buyers are buying the same quantity.
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Home » Business » When demand is unit elastic, a change in price causes total revenue to stay the same because A. total revenue never changes with price changes. B. the percentage change in quantity demanded exactly offsets the percentage change in price. C.