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    Managerial Economics and Business Strategy Study Set 1
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    Exam 3: Quantitative Demand Analysis
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    When Marginal Revenue Is Positive,demand Is
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When Marginal Revenue Is Positive,demand Is

Question 44

Question 44

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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