Given a Linear Demand Curve, at Which Combination of Price

question 194

Multiple Choice

Given a linear demand curve, at which combination of price and marginal revenue ( P, MR) is the price elasticity of demand less than 1?

• A)P = 15, MR = -4
• B)P = 20, MR = 0
• C)P = 28, MR = 13
• D)P = 22, MR = 9

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