For a single-price monopoly, marginal revenue is ________ when ...

[kfurse]

For a single-price monopoly, marginal revenue is ________ when demand is elastic and is ________ when demand is inelastic.
 
  A) negative; negative
  B) negative; positive
  C) positive; negative
  D) positive; positive

Question 2

When the interest rate is above the equilibrium interest rate there is an
 
  A) excess quantity of money and people will sell bonds.
  B) excess demand for money and people will sell bonds.
  C) excess quantity of money and people will buy bonds.
  D) excess demand for money and people will buy bonds.

[matt]

Answer to Question 1

C

Answer to Question 2

C

[kfurse]

YES! Correct, THANKS for helping me on my review

[Dnite]

Excellent