If the price elasticity of demand for a product equals 1, as its ...

[tichca]

If the price elasticity of demand for a product equals 1, as its price rises the
 
  A) quantity demanded increases.
  B) total revenue increases.
  C) quantity demanded does not change.
  D) total revenue does not change.

Question 2

Firms that can price discriminate between customers do so to ________.
 
  A) increase consumer surplus
  B) increase employment
  C) increase their profit
  D) decrease the quantity they produce

[TDubDCFL]

Answer to Question 1

D

Answer to Question 2

C