The Figures Given Below Represent the Revenue Curves of a Monopolist.Figure

question 78

Multiple Choice

The figures given below represent the revenue curves of a monopolist.Figure 11.2
TR: Total revenue curve
AR: Average revenue curve
MR: Marginal revenue curve
-According to Figure 11.2, 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 greater than 1.
• D)price elasticity of demand is equal to 0.
• E)price elasticity of demand is equal to 1.

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Civil Code of Quebec

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