Question 20
MediumOriginal questionAssertion (A): If , the demand function is .
Reason (R): Revenue is price times quantity, so .
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
, so . A is true.
R is the step that turns revenue into price, so it explains A.
- Concept
- From revenue to price
- Typical timeTypical
- 90 s
- Your timeYours
- —
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