A demand curve of the form: Q = a – bP, where a and b are positive rea
A demand curve of the form: Q = a – bP, where a and b are positive real numbers,:
A) is an upward sloping straight line.
B) has a constant price elasticity of demand.
C) is a downward sloping straight line.
D) is a parabolic curve.
ANSWER
C
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.