the marginal revenue is positive where demand is elastic and negative when demand is"
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Answer:
The marginal revenue is negative when demand is inelastic.
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Explanation:
Marginal revenue — the change in total revenue — is below the demand curve. Marginal revenue is related to the price elasticity of demand — the responsiveness of quantity demanded to a change in price. When marginal revenue is positive, demand is elastic; and when marginal revenue is negative, demand is inelastic.
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