The Diagram Below Shows Total Revenue for a Single-Price Monopolist

question 79

Multiple Choice

The diagram below shows total revenue for a single-price monopolist.
FIGURE 10-3
-Refer to Figure 10-3.The price elasticity of demand at Q3 is

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

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