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Refer to the Following Table Showing a Monopolist's Demand Schedule

Question 8

Multiple Choice

Refer to the following table showing a monopolist's demand schedule: Refer to the following table showing a monopolist's demand schedule: If price falls from $20 to $10,then A) MR = -$10,and demand is inelastic. B) MR = $10,and demand is elastic. C) MR = $30,and demand is elastic. D) MR = -$30,and demand is inelastic. E) none of the above If price falls from $20 to $10,then


A) MR = -$10,and demand is inelastic.
B) MR = $10,and demand is elastic.
C) MR = $30,and demand is elastic.
D) MR = -$30,and demand is inelastic.
E) none of the above

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