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The Diagram Below Shows Total Revenue for a Single-Price Monopolist

Question 51

Multiple Choice

The diagram below shows total revenue for a single-price monopolist. The diagram below shows total revenue for a single-price monopolist. FIGURE 10-3 -Refer to Figure 10-3.The price elasticity of demand at Q<sub>3</sub> is A) zero. B) less than 1. C) equal to 1. D) greater than 1. E) not determinable from the diagram. FIGURE 10-3
-Refer to Figure 10-3.The price elasticity of demand at Q3 is


A) zero.
B) less than 1.
C) equal to 1.
D) greater than 1.
E) not determinable from the diagram.

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