When demand is elastic,marginal revenue is
A) positive.
B) negative.
C) zero.
D) increasing as output increases.
E) undefined.

Name: When demand is elastic,marginal revenue is A) positive. B) negative. C) zero. D) increasing as output increases. E) undefined.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When demand is elastic, marginal revenue is positive because a decrease in price leads to a proportionally larger increase in quantity demanded, thus increasing total revenue.

When Demand Is Elastic,marginal Revenue Is