The Figures Given Below Represent the Revenue Curves of a Monopolist

question 20

Multiple Choice

The figures given below represent the revenue curves of a monopolist. Figure 10.2
TR: Total revenue curve
AR: Average revenue curve
MR: Marginal revenue curve
-According to Figure 10.2,at point C:

• A)price elasticity of demand is equal to infinity.
• B)price elasticity of supply is equal to 1.
• C)price elasticity of supply is equal to 0.
• D)price elasticity of demand is equal to 0.
• E)price elasticity of demand is equal to 1.