Complete each statement from the options below.

(a) When marginal revenue is negative:
(b) When marginal revenue is positive:
(c) When marginal revenue is zero:

(i) demand is elastic.
(ii) demand is inelastic.
(iii) elasticity of demand is equal to 1.

Question

Complete each statement from the options below.

(a) When marginal revenue is negative:
(b) When marginal revenue is positive:
(c) When marginal revenue is zero:

(i)	demand is elastic.
(ii)	demand is inelastic.
(iii)	elasticity of demand is equal to 1.

Quizplus · Accepted Answer

The Answer of Complete each statement from the options below.

(a) When marginal revenue is negative:
(b) When marginal revenue is positive:
(c) When marginal revenue is zero:

(i)	demand is elastic.
(ii)	demand is inelastic.
(iii)	elasticity of demand is equal to 1.

Complete Each Statement from the Options Below