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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