Which of the Following Describe the Relationship Between Price Elasticity

question 70

Multiple Choice

Which of the following describe the relationship between price elasticity of demand and marginal revenue?

• A)marginal revenue is positive when demand is elastic.
• B)marginal revenue is zero when demand is unit elastic.
• C)marginal revenue is negative when demand is inelastic.
• D)all of the above.
• E)A and C only.

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