When the demand curve is a rectangular hyperbola, it represents:

Related MCQs

• A fall in the price of a commodity whose demand curve is a rectangular hyperbola causes total expenditure on the commodity to:
• Exceptional Demand Curve (Perverse demand curve)
• The horizontal demand curve for a commodity shows that its demand is:
• In the case of unitary elastic demand, the shape of demand curve is
• Demand for tyres depends on demand of vehicles, the demand for tyres called as
• The competitive firm’s long run supply curve is the portion of it’s …………..curve lies above average total cost.
• Demand curve slopes downwards because of
• Generally demand curve have …………
• In the case of perfect elasticity, the demand curve is
• An exceptional demand curve is one that slopes