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Use the Figure Below, Which Shows a Linear Demand Curve

Question 25

Multiple Choice

Use the figure below, which shows a linear demand curve and the associated total revenue curve, to answer the questions.

Use the figure below, which shows a linear demand curve and the associated total revenue curve, to answer the questions. -The marginal revenue of the 700th unit is $_____ and demand is __________ at this point. A) -20; elastic B) -20; inelastic C) 15; elastic D) 15; inelastic
-The marginal revenue of the 700th unit is $_____ and demand is __________ at this point.


A) -20; elastic
B) -20; inelastic
C) 15; elastic
D) 15; inelastic

Correct Answer:

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