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When marginal revenue is positive, Multiple Choice marginal revenue is greater than price. demand is elastic. increasing price will increase total revenue. All of these
When marginal revenue is positive,
Multiple Choice
- marginal revenue is greater than price.
- demand is elastic.
- increasing price will increase total revenue.
- All of these options are correct.
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
