Multiple Choice
A demand curve that is linear and downward sloping:
A) means that marginal revenue is equal to price.
B) means that total revenue is always upward sloping.
C) will result in a marginal revenue that is greater than price.
D) has a price elasticity of demand that is equal to -1 when marginal revenue is equal to zero.
Correct Answer:
Verified
Correct Answer:
Verified
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