multiple choice question\nif the loss in revenue from a lower price is exactly offset by the gain in revenue…

Brief Explanations:

When the loss in revenue from a lower price is exactly offset by the gain in revenue from the increase in sales, it means that a percentage change in price leads to an equal - percentage change in quantity demanded. This is the definition of unit - elastic demand. In inelastic demand, a change in price leads to a proportionately smaller change in quantity demanded and revenue moves in the same direction as the price change. In elastic demand, a change in price leads to a proportionately larger change in quantity demanded. In perfectly inelastic demand, quantity demanded does not change with a change in price.

Answer:

unit elastic