Suppose That at the Equilibrium Price and Quantity,the Marginal Revenue

question 24

Multiple Choice

Suppose that at the equilibrium price and quantity,the marginal revenue is −$15 and the price elasticity of demand for a linear demand function is −0.75.Then we know that the equilibrium price is:

• A) −$5.
• B) $45.
• C) −$45.
• D) $5.

---

Definitions:

Subway Train

A form of underground rapid transit system that moves people across distances within a city.

Auditory Cortex

The region of the brain that processes auditory information, crucial for understanding sounds and language.

Temporal Lobe

A region of the brain located beneath the lateral fissure on both cerebral hemispheres, involved in processing auditory information and encoding memory.

Frontal Lobe

The part of the brain located at the front of each cerebral hemisphere, responsible for decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.