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Author Question: What is the shape of the marginal revenue curve derived from a linear downward sloping demand curve? ... (Read 230 times)

abern

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on: Jul 1, 2018
What is the shape of the marginal revenue curve derived from a linear downward sloping demand curve?
 
  A) Horizontal
  B) Vertical
  C) U-shaped
  D) Downward sloping, with a constant slope

Question 2

A price floor policy establishes a minimum price for a market. Which of the following results from a binding price floor?
 
  A) Equilibrium
  B) Excess demand
  C) Excess supply
  D) Shortage


Dominic

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

C


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abern

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Reply #2 on: Jul 1, 2018
Thank you


Dominic

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Reply #3 on: Jul 1, 2018
No problemo


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