When demand is elastic, marginal revenue is negative. the percentage change in p
ID: 2505829 • Letter: W
Question
When demand is elastic, marginal revenue is negative. the percentage change in price exceeds the percentage change in quantity. an increase in price causes total revenue to rise. both b and c none of the above When demand is elastic, marginal revenue is negative. the percentage change in price exceeds the percentage change in quantity. an increase in price causes total revenue to rise. both b and c none of the above marginal revenue is negative. the percentage change in price exceeds the percentage change in quantity. an increase in price causes total revenue to rise. both b and c none of the aboveExplanation / Answer
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