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Use the Following Figure to Answer the Question : Figure

Question 13

Multiple Choice

Use the following figure to answer the question : Figure 11-5 : shows the demand curve and the marginal revenue curve of a monopolist.On the horizontal axis,OG = GF. Use the following figure to answer the question : Figure 11-5 : shows the demand curve and the marginal revenue curve of a monopolist.On the horizontal axis,OG = GF. -Refer to Figure 11-5.At quantity G,the price elasticity of demand: A) is equal to one. B) exceeds one. C) is equal to zero. D) is less than one.
-Refer to Figure 11-5.At quantity G,the price elasticity of demand:


A) is equal to one.
B) exceeds one.
C) is equal to zero.
D) is less than one.

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