When a demand curve is perfectly elastic:
A) marginal revenue = average revenue = price.
B) marginal revenue > average revenue = price.
C) marginal revenue < average revenue = price.
D) marginal revenue > average revenue > price.
A
Economics
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The figure above shows the relationship between the price of a dozen roses and the quantity of roses a florist can sell. The relationship between the price and the quantity the florist can sell is
A) positive. B) negative. C) nonexistent. D) linear. E) cross-sectionally trended.
Economics
Alcohol prohibition in the United States
A) abolished the production of liquor. B) abolished the consumption of liquor. C) abolished the distribution of liquor. D) accomplished all of the above. E) accomplished none of the above.
Economics