On a linear demand curve, the coefficient of price elasticity is unity, then the value of MR will be

Related MCQs

• When demand curve is rectangular hyperbola, the value of price elasticity of demand will be
• If the quantity demanded remains unchanged as the price of the commodity falls, the coefficient of price elasticity of demand is
• As a result of a fall in the price total expenditure on the commodity decreases, the coefficient of elasticity will be
• Income elasticity is positive, but less than unity in the case of
• If the income elasticity of demand is greater than one, then the commodity is
• If the income elasticity of demand for a commodity is found to be 0.4, then the commodity concerned is
• A fall in the price of the commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity
• When both the price of a substitute and the price of complement of X rises, the demand for X
• When Q = f (P), the elasticity coefficient is measured by
• If a small change in price leads to infinitely large change in quantity demanded, then the demand is