The shape of a demand curve is _________________
A) Upward Sloping
B) Parallel to X - axis
C) Parallel to Y - axis
D) Downward slopping
Correct Answer:
Verified
Q4: TC=a+bQ is a _ Cost function
A)Cubic
B)Quadratic
C)Linear
D)None of
Q5: When AC increases MC will_
A)increase
B)decrease
C)constant
D)None of these
Q6: Which of the following is not an
Q7: Autonomans demand is also known as _
Q8: When tax rate increase the supply of
Q10: The demand curve for inferior good is
Q11: Unitary elasticity of demand is
A)Zero
B)Equal to one
C)Greater
Q12: Which one is not an exception to
Q13: When the demand curve is a rectangular
Q14: The horizontal demand curve represents
A)Perfectly elastic demand
B)Unitary
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