Exhibit 9-1 Monopolist's Demand Curve

question 131

Multiple Choice

Exhibit 9-1 Monopolist's demand curve
​
-At an output of 100 units, marginal revenue for a monopolist with the demand curve shown in Exhibit 9-1 would be:

• A) positive.
• B) zero.
• C) negative.
• D) infinity.

Identify factors that influence the elasticity of demand and supply.

Analyze the effects of market conditions on elasticity.

Understand how taxes influence supply and demand.

Recognize the relationship between elasticity and total revenue.

---

Definitions:

Distributing

The process of making a product or service available for use or consumption by a consumer or business user.