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Which of the Following Describes the Relation Between Price Elasticity MR=P(1+εQ,p)M R = P \left( 1 + \varepsilon _ { Q , p } \right)

Question 58

Multiple Choice

Which of the following describes the relation between price elasticity of demand and a monopolist's marginal revenue?


A) MR=P(1+εQ,p) M R = P \left( 1 + \varepsilon _ { Q , p } \right) .
B) MR=P(1+PQΔQΔP) M R = P \left( 1 + \frac { P } { Q } \frac { \Delta Q } { \Delta P } \right)
C) MR=1+εQPM R = 1 + \varepsilon Q P
D) MR=P(1+1/εQ,p) M R = P \left( 1 + 1 / \varepsilon _ { Q , p } \right)

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