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  2. Topic
    Business
  3. Study Set
    Managerial Economics
  4. Exam
    Exam 2: Demand Theory
  5. Question
    If Price Is $25 When the Price Elasticity of Demand
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If Price Is $25 When the Price Elasticity of Demand

Question 3

Question 3

Multiple Choice

If price is $25 when the price elasticity of demand is -0.5,then marginal revenue must be:


A) $50.
B) -$25.
C) $12.50.
D) $37.50.
E) $25.

Correct Answer:

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