What Is the Relationship Between Price Elasticity of Demand and the Monopolist's

question 100

Multiple Choice

What is the relationship between price elasticity of demand and the monopolist's revenue?

• A)marginal revenue is maximized where demand is unit elastic.
• B)average revenue is maximized where demand is unit elastic.
• C)marginal revenue is negative where demand is inelastic.
• D)average revenue is negative where demand is inelastic.
• E)marginal revenue is lowest where demand is unit elastic.