Refer to the Following Figure

question 57

Multiple Choice

Refer to the following figure.At a price of $1,the point elasticity of demand for D₂ is ________ and marginal revenue is _______.

• A)-5; positive
• B)-0.5; negative
• C)-0.2; negative
• D)-1; zero

---

Definitions:

German Reparations

Compensation payments made by Germany primarily to the Allies, as required by the Treaty of Versailles after World War I.

Fourteen Points

A statement of principles for peace that was to be used for peace negotiations in order to end World War I, proposed by U.S. President Woodrow Wilson in 1918.

General Strike

A general strike is a widespread cessation of work by workers in multiple industries and sectors, typically orchestrated by labor unions or worker collectives, aimed at achieving specific economic or political objectives.

Seattle

A major city in the Pacific Northwest region of the United States, known for its technology industry, vibrant music scene, and natural beauty.