When even after increase in price, total revenue remains the same the demand is said to be:

CA Foundation · Business Economics · PYQS · January 2026
When even after increase in price, total revenue remains the same the demand is said to be:
(A) A. Perfectly elastic
(B) B. Elastic
(C) C. Inelastic
(D) D. Unitary elastic

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Unitary elastic

Topics: Theory of Demand and Supply

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