When demand is unit elastic, a change in price causes total revenue to stay the same because
A) the change in profit is offset by the change in production cost.
B) buyers are buying the same quantity.
C) total revenue never changes with price changes.
D) the percentage change in quantity demanded exactly offsets the percentage change in price.
D
Economics
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The rising cost of uninsured patients receiving treatment at hospital emergency rooms is one of the leading causes of the increase in health care spending as a percentage of GDP in the United States
Indicate whether the statement is true or false
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