When a firm’s average revenue curve is downward-slopping; it’s price elasticity of demand will be? By: Sunday|Published on: Oct 26|Categories: Economics JAMB| 0 comments A. Zero B. Greater than one C. One D. Between zero and infinity Correct Answer: Option C – One Users Also Read These:In the theory of production and cost, the average…For a monopolist, the average revenue (AR) curve is?The relationship between the marginal revenue (MR)…The downward sloping part of the long-run average…What effect will an increase in price have on the…SEE ALSO The survival of a partnership depends on?