Answer :

The relationship between MR and elasticity of demand is given by –

MR = P (1 – 1/Ed)


When demand curve is elastic, i.e. Ed > 1, the MR will be positive because for any value of Ed, 1/Ed will be less than 1.


The graph representing it is given below –



Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

If duopoly behaviNCERT - Introductory Microeconomics

Explain why the dNCERT - Introductory Microeconomics

What is meant by NCERT - Introductory Microeconomics

List the three diNCERT - Introductory Microeconomics

What is the reasoNCERT - Introductory Microeconomics

Will the monopoliNCERT - Introductory Microeconomics

The market demandNCERT - Introductory Microeconomics

What is the valueNCERT - Introductory Microeconomics

Comment on the shNCERT - Introductory Microeconomics