Business, 05.05.2020 20:22, Aliciaonfleek

Indicate whether the following statements are true (T) or false (F). nothing: When the marginal revenue is positive, demand is elastic. nothing: If the firm raises the price in the elastic range of demand, total revenue will increase. nothing: When demand is unit elastic, marginal revenue = 1. nothing: When the total revenue is increasing, demand is elastic. nothing: The absolute value of the price elasticity of demand increases as you move down the demand curve.

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Indicate whether the following statements are true (T) or false (F). nothing: When the marginal reve...