Assertion: monopolist's revenue | /r/HasProperty | demand
Facets:
Source sentences:
text: For relatively high prices and small quantities, the average revenue (demand) curve is relatively elastic.
text: For relatively low prices and large quantities, the average revenue (demand) curve is relatively inelastic.
text: The average revenue (demand) curve is unit elastic at the exact midpoint of the line, which in this case is 10.5 ounces of Amblathan-Plus.
text: When the average revenue (demand) curve is elastic, marginal revenue is positive and total revenue is increasing.
text: When the average revenue (demand) curve is inelastic, marginal revenue is negative and total revenue is decreasing.
text: When average revenue (demand) curve is unit elastic, marginal revenue is zero and total revenue is not changing.