Consider the Following AR and MR Curves for a Single-

question 1

Multiple Choice

Consider the following AR and MR curves for a single- price monopolist.
FIGURE 10- 2
-Refer to Figure 10- 2.The price elasticity of demand at Q1 is

• A)less than 1.
• B)equal to 1.
• C)zero.
• D)greater than 1.
• E)not determinable from the diagram.

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