Demand curves and other economic relationships
A)are always linear.
B)produce linear regression equations.
C)can take many different functional forms.
D)are dependent upon the type of advertising done.

Question

Quizplus · Accepted Answer

Demand curves and other economic relationships can take many different functional forms, such as linear, quadratic, exponential, or logarithmic. The specific functional form depends on the nature of the relationship, the variables involved, and the data being analyzed. The choice of functional form can have important implications for economic analysis and policy recommendations, as different forms can result in different predictions and conclusions.

Demand Curves and Other Economic Relationships