Ayushi Asked a Question
August 13, 2020 12:51 pmpts 30 pts
87. Marginal Revenue will be negative, if the demand is (1) Rclatively clastic (2) Relatively inelastic (3) Perfectly elastic (4) Unitary elastic
  • 1 Answer(s)
  • 0 Likes
  • 1 Comments
  • Shares
  • Nidhi taparia thankyou
    The correct answer is (2) relatively inelastic. This question can be solved using the geometric method of calculating elasticity. When MR is negative, demand or AR curve is below ...
    Show more
    Likes(0) Reply(0)