Price (dollars) 0 10 20 3O 40 50 60 70 Quantity 10. The point elasticity of demand when price is $2 is a. 6/90. b. ~15. C. 1/2. (1. 2. 11. If price falls from $2 to $1.99, then a. total revenue rises because E = 15. b. total revenue falls because E = ~1/2. c. marginal revenue must be positive because total revenue rises. (1. total revenue equals $1.99. 12. When price is $2, marginal revenue is a. negative. b. zero. c. positive. (1. equal to price. 80 90