at-the-midpoint-of-a-straight-line-demand-curve-what-is-the-relationship-between

Question

At the midpoint of a straight-line demand curve, what is the relationship between price elasticity of demand and total revenue?

Accepted Answer

Demand is unit elastic, and total revenue is maximized.

Answer

Demand is elastic, and total revenue is increasing.

Answer

Demand is inelastic, and total revenue is decreasing.

Answer

Demand is perfectly elastic, and total revenue is constant.