When a firm’s average revenue curve is downward-slopping; it’s price elasticity of demand will be? by Sunday | Oct 26 | 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:The elasticity of demand for a firm's product is 2.…What effect will an increase in price have on the…If the coefficient of price elasticity of demand of…The relationship between the marginal revenue (MR)…In the theory of production and cost, the average…