-The figure above shows a monopoly firm's demand curve. At point t
A) demand is elastic.
B) demand is unit elastic.
C) demand is inelastic.
D) total revenue is at a minimum.

Question

-The figure above shows a monopoly firm's demand curve. At point t
A) demand is elastic. 
B) demand is unit elastic. 
C) demand is inelastic. 
D) total revenue is at a minimum.

Quizplus · Accepted Answer

The Answer of 
-The figure above shows a monopoly firm's demand curve. At point t
A) demand is elastic. 
B) demand is unit elastic. 
C) demand is inelastic. 
D) total revenue is at a minimum.

-The Figure Above Shows a Monopoly Firm's Demand Curve