Use the Figure Below, Which Shows a Linear Demand Curve

question 25

Multiple Choice

Use the figure below, which shows a linear demand curve and the associated total revenue curve, to answer the questions.


-The marginal revenue of the 700th unit is $_____ and demand is __________ at this point.

• A) -20; elastic
• B) -20; inelastic
• C) 15; elastic
• D) 15; inelastic

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Definitions:

Osteoporosis

A medical condition characterized by weakened bones, making them fragile and more prone to fractures, often due to aging or hormonal changes.

Presbycusis

The loss of hearing that gradually occurs in most individuals as they grow older.

Broken Bones

describe fractures or discontinuities in the continuity of bones, often resulting from trauma, stress, or other health conditions.

Osteoporosis

A bone disease characterized by decreased bone density and mass, causing bones to become fragile and more likely to fracture.