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.

C

Economics

You might also like to view...

For a risk-averse individual, as wealth increases, total utility

A) increases at a decreasing rate. B) increases at a constant rate. C) increases at an increasing rate. D) is constant.

Economics

What is a command economy?

What will be an ideal response?

Economics