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28 May 2019
At the quantity for elasticity for which elasticity = -`.25, what can you say about the TR curve?
TR is upward sloping
TR is at its minimum
TR is downward sloping
TR is at its peak
You can't tell anything about TR without knowing the equation of the demand curve.
At the quantity for elasticity for which elasticity = -`.25, what can you say about the TR curve?
TR is upward sloping |
TR is at its minimum |
TR is downward sloping |
TR is at its peak |
You can't tell anything about TR without knowing the equation of the demand curve. |