When price is constant, the average revenue curve is a(n)
A) upward-sloping straight line
B) downward-sloping straight line
C) horizontal line
D) vertical line
E) point on the total revenue curve

Question

Quizplus · Accepted Answer

When price is constant, the average revenue (which is total revenue divided by quantity) remains the same regardless of the quantity sold, resulting in a horizontal line.

When Price Is Constant, the Average Revenue Curve Is A(n)