Economics · Market Structures

When Marginal Revenue (MR) is zero, what is the price elasticity of demand?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Equal to unity (Unitary)✓
2Zero
3Infinite
4Less than one

Correct answer

Equal to unity (Unitary)

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When Marginal Revenue (MR) is zero, what is the price elasticity of demand?

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When Marginal Revenue (MR) is zero, what is the price elasticity of demand?

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