Given a Downward-Sloping Linear Demand Curve, If Total Revenue Decreases

question 56

Multiple Choice

Given a downward-sloping linear demand curve, if total revenue decreases as quantity rises, marginal revenue must be

• A) positive and demand is elastic.
• B) negative and demand is elastic.
• C) positive and demand is inelastic.
• D) negative and demand is inelastic.

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