New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Which of the following statements is correct if the

    demand function is D = 18-3P?
    A Max Price = 6 and demand curve is non-linear Correct Answer Incorrect Answer
    B Demand curve is linear with slope -3 Correct Answer Incorrect Answer
    C A and B Correct Answer Incorrect Answer
    D All of these Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Demand curve has slope -1/3 and is linear

    Practice Next