Refer to the Following Table Showing a Monopolist's Demand Schedule

question 8

Multiple Choice

Refer to the following table showing a monopolist's demand schedule: If price falls from $20 to $10,then

• A)MR = -$10,and demand is inelastic.
• B)MR = $10,and demand is elastic.
• C)MR = $30,and demand is elastic.
• D)MR = -$30,and demand is inelastic.
• E)none of the above

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