Economics · Microeconomics & Elasticity
If Average Revenue (AR) = 15 and Marginal Revenue (MR) = 5, the price elasticity of demand (ep) is equal to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11.00
- 21.75
- 31.50✓
- 42.30
Correct answer
1.50
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