Nachiket posted an Question
August 09, 2020 • 17:16 pm 30 points
  • UGC NET
  • Commerce

Statement-i: a rectangular hyperbola shaped demand curve has uniform slopes on all its points statement-ii : if the price elasticity is equal to unity, the marg

Statement-I: A rectangular hyperbola shaped demand curve has uniform slopes on all its points Statement-II : If the price elasticity is equal to unity, the marginal revenue corresponds 49. to zero. Codes (A) (B) ( (D) Both the statements are correct. Both the statemernts are incorrect. Statement-I is correct while Statement-II is incorrect. Statement-I is incorrect while Statement-Il is correct.

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  • Priya gulani best-answer

    Option d is correct See the attachments you can see the curve of the demand curve.

    cropped663771435314903253.jpg
    cropped1908289548367354747.jpg
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