The elasticity of demand is the ratio of ……………………….
A. Marginal demand function and Revenue function
B. Marginal demand function to Average demand function
C. Fixed and variable revenues
D. Marginal Demand function and Total demand function
Answer:B
The elasticity of demand is the ratio of ……………………….
A. Marginal demand function and Revenue function B. Marginal demand function to Average demand function C. Fixed and variable revenues D. Marginal Demand function and Total demand function