Assume that when price is ₹ 30 the quantity demanded is 19 units and when price is ₹ 28 the quantity demanded is 20 units, what is the marginal…

CA Foundation · Business Economics · PYQS · May 2025
Assume that when price is ₹ 30 the quantity demanded is 19 units and when price is ₹ 28 the quantity demanded is 20 units, what is the marginal revenue resulting from an increase in output from 19 units to 20 units ?
(A) A. ₹ 10
(B) B. - ₹ 10
(C) C. ₹ 20
(D) D. - ₹ 20

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. - ₹ 10

Topics: Price Determination in Different Markets

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