The graph of the schedule above will depict - JAMB Economics 2011 Question
The graph of the schedule above will depict
A
a kinked demand curve
B
a normal demand curve
C
an abnormal demand curve
D
a diminishing marginal utility curve
Ask EduPadi AI for a Detailed Answer
Correct Option: B
The question refers to a schedule, which likely represents a demand schedule. A normal demand curve is a graphical representation of the relationship between price and quantity demanded, where, all other things being equal, as the price of a good or service increases, the quantity demanded decreases, and vice versa. The other options do not accurately describe the typical representation of a demand schedule.
Please share this, thanks:
#JAMB #JAMB
Add your answer
No responses