Home

Join Our Socials

Telegram Group
Join Community
Twitter Group
Pinterest Group
Facebook Group
Subscribe YouTube

What is the correct answer?

4

The standard form of demand function is:

A. Q = a- bP

B.

C. Y = a- bP

D. Q = a+ bP

Correct Answer :

A. Q = a- bP


Share this question with your friends
Show all Basics of Economics MCQ

Please do not use chat terms. Example: avoid using "grt" instead of "great".

Submit
Load More..

Related Questions

According to the principle of substitution? The non-price competition cartel is a: Nash equilibrium is applicable in case of: On the total utility curve the economically relevant range is the portion… In monopolistic competition, if a firm lowers its price, the rival firms… The central problem of economics is: In modern theory of costs, a firm normally utilizes: In monopolistic competition, the customers are attached with one product… Cardinal approach includes arranging: If the increase in demand is more than the increase in supply, the price… Whish of the following represents the average revenue curve of a firm? Classical production function is: Karl Marx: The main contribution of Prof. R.G.D.Allen is in the field of: Nash Equilibrium is stable: After reaching the saturation point consumption of additional units of… The game theory concentrates on: If production increases under constant returns to scale, the cost will: The main contribution of Malthus is in the field of: If a straight line supply curve passes through the point of origin O,… We can find total utility by: In monopolistic competition, because of difference in choices, the firm… The standard form of demand function is: A market-clearing price: In the short-run, in which one of the following situations would a competitive… Slope of a demand curve is: The situation in between the extremes of the govt. controlled, planned… Using total revenue and total cost, a profit maximizing firm will be equilibrium… Who stated explicitly for the first time the Law of Camparative Costs? Some farm land can be used to produce either corn or soybeans. If the…

Also checkout

Angiosperms (Morphology) MCQ Industrial Engineering & Production Management Test MCQ Certified Nursing Assistant MCQ Phylum - Platyhelminthes MCQ Rearrangement Set 2 MCQ Decimal Fraction MCQ Percentage MCQ DBMS MCQ Crime Scene Technology MCQ Chemical Equilibrium MCQ Urology Basic Science MCQ Currency and Inflation MCQ