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.…In the diagram below, the curve which represents…In the theory of production and cost, the average…If the coefficient of price elasticity of demand is…Given a market demand curve Q=120-2p and a supply…