When price falls with rise in output, then as quantity sold increases,
A. MR falls quickly than AR
B. MR falls slowly than AR
C. Both AR and MR fall at the same rate.
D. MR and AR do not change.
Answer:A
When price falls with rise in output, then as quantity sold increases,
A. MR falls quickly than AR B. MR falls slowly than AR C. Both AR and MR fall at the same rate. D. MR and AR do not change.