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A-LevelEconomicsThe price system and the microeconomy9708/33 · May/June 2017 · Q61 Mark

The demand curve for a good has unit price elasticity throughout its length. Which statement about marginal revenue is correct?

  1. (a)The demand curve for a good has unit price elasticity throughout its length. Which statement about marginal revenue is correct? A It always has a negative value. B It decreases continuously as price decreases. C It is always zero. D It always has a constant positive value.[1]

Mark scheme

Marking points from the official mark scheme (May/June 2017). The mark or mark type is shown in brackets.

  1. [1] Answer: C

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About this question

Topic
The price system and the microeconomy, A-Level Economics (syllabus 9708). Structured question, 1 mark.
Source
A-Level Economics, May/June 2017 Paper 3 Variant 3, question 6.

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