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    Managerial Economics
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    Exam 3: Quantitative Demand Analysis
  5. Question
    When Marginal Revenue Is Positive, Demand Is
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When Marginal Revenue Is Positive, Demand Is

Question 108

Question 108

Multiple Choice

When marginal revenue is positive, demand is


A) elastic.
B) inelastic.
C) unit elastic.
D) there is not sufficient information to classify the elasticity of demand.

Correct Answer:

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