UGC NET
Ayushi Asked a Question
August 13, 2020 12:50 pmpts 30 pts
  • UGC NET
  • Economics

82. when elasticity of demand under monopoly is equal to one, then margimal revenue will be (1) mr=0 (2) mr=1 (3) mr>1 (4) mr<1

82. When elasticity of demand under monopoly is equal to one, then Margimal Revenue will be (1) MR=0 (2) MR=1 (3) MR>1 (4) MR<1
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  • Nidhi taparia Best Answer
    82. The answer is (1). Whenever elasticity of demand curve become unity or equal to one, MR becomes zero.
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