Refer to the following graph to answer the question: Over the price range $90 to $110,marginal revenue is ________ and demand is ________.
A)greater than one; inelastic
B)positive; elastic
C)negative; inelastic
D)less than one; elastic
E)none of the above

Question

Refer to the following graph to answer the question:  Over the price range $90 to $110,marginal revenue is ________ and demand is ________.
A)greater than one; inelastic 
B)positive; elastic 
C)negative; inelastic 
D)less than one; elastic 
E)none of the above

Quizplus · Accepted Answer

The Answer of Refer to the following graph to answer the question:  Over the price range $90 to $110,marginal revenue is ________ and demand is ________.
A)greater than one; inelastic 
B)positive; elastic 
C)negative; inelastic 
D)less than one; elastic 
E)none of the above

Refer to the Following Graph to Answer the Question