What is the General shape of Demand curve ?
- Upward sloping straight line
- A line parallel to x-axis
- Generally downward sloping to all normal goods
- A line parallel to y-axis
The Correct Option is C
Solution and Explanation
Top Questions on Demand curve
- Demand Curve slopes downward from the left to the right.
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The firms compete in prices. The price set by Firm 2 such that the market is in Nash equilibrium will be ________ (in integer).- GATE XH-C1 - 2024
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Read the following statements carefully:
Statement 1: Ex-post savings and Ex-post investments are equal at all levels of income.
Statement 2: Under the effective demand principle, the equilibrium output is equal to ex-ante Aggregate Demand (AD). In the light of the given statements, choose the correct alternative from the following:- GATE XH-C1 - 2024
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Read the following statements carefully:
Statement 1: Ex-post savings and Ex-post investments are equal at all levels of income.
Statement 2: Under the effective demand principle, the equilibrium output is equal to ex-ante Aggregate Demand (AD). In the light of the given statements, choose the correct alternative from the following:- GATE XH-C1 - 2024
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