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:In perfect competition; the average revenue curve of…If a firm's price is less than average cost but more…Demand is said to be price elastic, if the absolute…Given a market demand curve Q=120-2p and a supply…In the diagram below, the curve which represents…