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Refer to the Following Table That Gives the Demand Facing

Question 37

Multiple Choice

Refer to the following table that gives the demand facing a monopolist: Refer to the following table that gives the demand facing a monopolist: Demand is __________ between 65 and 70 units of output because marginal revenue in that range is ______. A) elastic,$50 B) elastic,$100 C) inelastic,negative D) inelastic,positive Demand is __________ between 65 and 70 units of output because marginal revenue in that range is ______.


A) elastic,$50
B) elastic,$100
C) inelastic,negative
D) inelastic,positive

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