If the price elasticity of demand for a firm's output is elastic, then the firm's marginal revenue is:

Question

a. positive, and an increase in price will cause total revenue to increase.

b. positive, and an increase in price will cause total revenue to decrease.

c. negative, and an increase in price will cause total revenue to increase.

d. negative, and an increase in price will cause total revenue to decrease.

Deleted user · Answer

Answer No. -----B

------------------------

Thanks

Mohammed Fathe Shaheem · Answer

Agreed by experts...................................................................

Salvatore Augello · Answer

answer B ______________________________________________

Khaled Anwar · Answer

The answer is : option ( B ) ,,,,

mohamed badawy · Answer

option b ................................................................................

Bello Abubakar · Answer

B......................................................

Ayoub Tartir , PMP, GWCPgM, CISA, CISSP, CAP, CSSLP, FITSP-D, CEH, CHFI, CCNA, CCNA Security, Security+, Network+ · Answer

b. positive, and an increase in price will cause total revenue to decrease.

Ismael Hamad · Answer

I thank option a right answer

Emad Mohammed said abdalla · Answer

If the price elasticity of demand for a firm's output is elastic, then the firm's marginal revenue is The correct answer was: b. positive, and an increase in price will cause total revenue to decrease..