A Monopolist Must Choose Between Two Points on Its Demand

question 34

Multiple Choice

A monopolist must choose between two points on its demand curve.It can either sell 100 units for $3 each,or sell 150 units for $2 each.This implies that,for the given range of output,elasticity of demand for the monopolist's product is _____

• A)zero.
• B)one.
• C)more than one but less than two.
• D)infinite.
• E)between zero and one.

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