If Price Is $12 When the Price Elasticity of Demand

question 32

Multiple Choice

If price is $12 when the price elasticity of demand is -1,then marginal revenue must be:

• A) $24.
• B) $18.
• C) $12.
• D) $6.
• E) $0.

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Definitions:

Dampen

Synonymous with damp.

Suspension Components

Parts like springs, shock absorbers, and struts that are used to support a vehicle's frame, body, engine, and systems while driving over uneven surfaces.

Spring Shackles

Components used to attach leaf springs to the frame of a vehicle, allowing for movement and flexibility in the suspension system.

Spring Length

The measurement of a spring from end to end when it is not under any force or compression.