Solved

Refer to the Following Table That Gives the Demand Facing  Price  Quartity $202015401065570\begin{array} { c c } \text { Price } & \text { Quartity } \\\hline \$ 20 & 20 \\15 & 40 \\10 & 65 \\5 & 70\end{array}

Question 46

Multiple Choice

Refer to the following table that gives the demand facing a monopolist:  Price  Quartity $202015401065570\begin{array} { c c } \text { Price } & \text { Quartity } \\\hline \$ 20 & 20 \\15 & 40 \\10 & 65 \\5 & 70\end{array} Demand is __________ between 65 and 70 units of output because marginal revenue in that range is ______.


A) elastic,$50
B) elastic,$100
C) inelastic,negative
D) inelastic,positive

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions