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Calculating Profits

When MR is po...

Question

When MR is positive, price elasticity is .

A

<1

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B

0.0

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C

1

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D

>1

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Solution

The correct option is D >1
When MR is positive, price elasticity is greater than 1.

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Similar questions

Q. Which one of the following gives the correct relationship between MR, AR and price elasticity?

Q. When the elasticity of demand is high, the MR is ______.

Q. When the elasticity of demand is low, the MR is ________.

Q. When MR is zero the elasticity of demand on AR curve is _______.

When price is constant,

A R > M R

.

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