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    Business
  3. Study Set
    Managerial Economics
  4. Exam
    Exam 2: Demand Theory
  5. Question
    If Price Is $12 When the Price Elasticity of Demand
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If Price Is $12 When the Price Elasticity of Demand

Question 32

Question 32

Multiple Choice

If price is $12 when the price elasticity of demand is -1,then marginal revenue must be:


A) $24.
B) $18.
C) $12.
D) $6.
E) $0.

Correct Answer:

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