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Title: Suppose that along a linear demand curve, the elasticity of demand is equal to 1 when the price is $ Post by: Loraine on Jun 21, 2015 Suppose that along a linear demand curve, the elasticity of demand is equal to 1 when the price is $4 and the quantity is 100 units. Then the
A) marginal revenue is negative when output exceeds 100 units. B) elasticity of demand is less than 1 when output exceeds 100 units. C) marginal revenue is 0 when output equals 100 units. D) Only answers A and B are correct. E) Answers A, B, and C are correct. Title: Re: Suppose that along a linear demand curve, the elasticity of demand is equal to 1 when the price Post by: Smoooth on Jul 26, 2015 Content hidden
Title: Re: Suppose that along a linear demand curve, the elasticity of demand is equal to 1 when the price is $ Post by: Smoooth on Aug 31, 2015 Don't mention it :-]
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