Use the Following Figure to Answer the Question : Figure

question 34

Multiple Choice

Use the following figure to answer the question : Figure 11-5 : shows the demand curve and the marginal revenue curve of a monopolist.On the horizontal axis,OG = GF.
-Refer to Figure 11-5.Between points E and A on the demand curve,the price elasticity of demand:

• A)is equal to one.
• B)exceeds one.
• C)is equal to zero.
• D)is less than one.

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Definitions:

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