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AP® Microeconomics

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Moderate

Elasticity of Demand: Total Revenue Unchanged

APMICR-XRSLAK

A bookstore raises the price of its coffee by 10%, and the spending by its customers on coffee does not change.

This indicates that, in this price range, demand for this store's coffee is

A

relatively elastic.

B

perfectly elastic.

C

unit elastic.

D

relatively inelastic.

E

perfectly inelastic.