Below,the Graph on the Left Shows the Short-Run Marginal Cost

question 86

Multiple Choice

Below,the graph on the left shows the short-run marginal cost curve for a typical firm selling in a perfectly competitive industry.The graph on the right shows current industry demand and supply. If the firm's demand and marginal revenue curves were drawn in the left-hand graph,what would be the elasticity of demand?

• A)zero
• B)-6
• C)-0.6
• D)infinitely elastic
• E)unitary

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