Multiple Choice
Which of the following is (are) true?
A) If MR = 0, the price elasticity of demand is also equal to zero.
B) If MR < 0, the price elasticity of demand must be between zero and -1.
C) If MR > 0, then the price elasticity of demand is in the elastic range.
D) B and C are true.
Correct Answer:
Verified
Correct Answer:
Verified
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