When the Marginal Revenue Curve Cuts the Horizontal Axis

question 28

Multiple Choice

When the marginal revenue curve cuts the horizontal axis,

• A) demand is relatively elastic.
• B) demand is relatively inelastic.
• C) demand is perfectly elastic.
• D) demand is unitary elastic.

---

Definitions:

STEM Field

Refers to disciplines in Science, Technology, Engineering, and Mathematics, areas that are critical to innovation and technological advancements.

Emerging Adulthood

A phase of life between adolescence and full-fledged adulthood, typically ranging from the late teens through the twenties, characterized by exploration and instability in love, work, and worldviews.

Stable Period

A time frame in which conditions remain constant or unchanged, allowing for predictability and consistency in certain aspects of life or environment.

Vocational Training

Education or training that prepares individuals for specific trades, crafts, or careers at various levels from a trade, a craft, technician, or a professional position in engineering, accountancy, nursing, medicine, architecture, pharmacy, law etc.