If the equation for the demand curve is q = 50 - 4p, then the ratio of marginal revenue to price...
Question:
If the equation for the demand curve is {eq}\displaystyle q = 50 - 4p {/eq}, then the ratio of marginal revenue to price is constant as price changes.
a. True.
b. False.
Demand Curve:
The demand curve for a particular goods is derived from the tabular demand schedule. The demand curve shows that the price and quantity demanded for a commodity are inversely related to each other. An increase in price will lower the quantity demanded.
Answer and Explanation: 1
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The Market Demand Curve: Definition, Equation & Examples
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Chapter 7 / Lesson 11
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Learn about the market demand curve definition. Find out about the importance of a market demand schedule and how to plot market demand on a graph.
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