A Demand Curve That Is Linear and Downward Sloping

question 188

Multiple Choice

A demand curve that is linear and downward sloping:

• A) means that marginal revenue is equal to price.
• B) means that total revenue is always upward sloping.
• C) will result in a marginal revenue that is greater than price.
• D) has a price elasticity of demand that is equal to -1 when marginal revenue is equal to zero.

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