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Examine the relationship between Marginal Revenue and Price Elasticity of Demand.

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Examine the relationship between Marginal Revenue and Price Elasticity of Demand.

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Whenever the MR is positive the price elasticity of AR (Demand Curve) is greater than one, that is elastic. When the MR is zero the price elasticity of AR (Demand Curve) is 1, that is unitary elastic. When the MR is negative the price elasticity of demand curve is less than one, that inelastic.

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