Assume that when price is ₹20, the quantity demanded is 9 units, and when price is ₹19, the quantity demanded is 10 units. Based on this…
CA Foundation · Business Economics · PYQS · January 2025
Assume that when price is ₹20, the quantity demanded is 9 units, and when price is ₹19, the quantity demanded is 10 units. Based on this information, what is the marginal revenue resulting from an increase in output from 9 units to 10 units?
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. ₹10
Topics: Theory of Demand and Supply
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