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Price (dollars per unit) 25 20 15 10 5 D 0 1 2 3 4 5 6 7 8 Quantity (units per day) The figure

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Price (dollars per unit) 25 20 15 10 5 D 0 1 2 3 4 5 6 7 8 Quantity (units per day) The figure shows a demand curve. The price elasticity at point C equals 1.00 Suppose the price falls from $10 to $5. As a result, total revenue will decrease because demand is unit elastic. increase because demand is inelastic. not change because the price change is too small. decrease because demand is inelastic

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