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The Figure Below,which Shows a Linear Demand Curve and the Associated

Question 8

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the figure below,which shows a linear demand curve and the associated total revenue curve,to answer the question. the figure below,which shows a linear demand curve and the associated total revenue curve,to answer the question. The marginal revenue of the 700th unit is $_____ and demand is __________ at this point. A) -20; elastic B) -20; inelastic C) 15; elastic D) 15; inelastic The marginal revenue of the 700th unit is $_____ and demand is __________ at this point.


A) -20; elastic
B) -20; inelastic
C) 15; elastic
D) 15; inelastic

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