the figure below,which shows a linear demand curve and the associated total revenue curve,to answer the question. The marginal revenue of the 700th unit is $_____ and demand is __________ at this point.
A)-20; elastic
B)-20; inelastic
C)15; elastic
D)15; inelastic

Question

the figure below,which shows a linear demand curve and the associated total revenue curve,to answer the question.  The marginal revenue of the 700th unit is $_____ and demand is __________ at this point.
A)-20; elastic 
B)-20; inelastic 
C)15; elastic 
D)15; inelastic

Quizplus · Accepted Answer

The Answer of the figure below,which shows a linear demand curve and the associated total revenue curve,to answer the question.  The marginal revenue of the 700th unit is $_____ and demand is __________ at this point.
A)-20; elastic 
B)-20; inelastic 
C)15; elastic 
D)15; inelastic

The Figure Below,which Shows a Linear Demand Curve and the Associated