Assertion: price elasticity | /r/HasAspect | direct relationship
Facets:
value: with marginal revenue
type: OTHER
value: in a monopoly
type: LOCATION
value: in a competitive market
type: LOCATION
Source sentences:
text: Therefore, in a competitive market, price elasticity has a direct relationship with marginal revenue.
text: Therefore, in a monopoly, price elasticity also has a direct relationship with marginal revenue.