Solved

Suppose We Postulate a Linear Demand Curve and Observe, Through A,PA=2\mathrm { A } , \mathrm { P } ^ { \mathrm { A } } = 2

Question 90

Multiple Choice

Suppose we postulate a linear demand curve and observe, through supply shifts, two points on the demand curve. At point A,PA=2\mathrm { A } , \mathrm { P } ^ { \mathrm { A } } = 2 and QAA=6\mathrm { Q } ^ { \mathrm { AA } } = 6 . At point B,PB=4\mathrm { B } , \mathrm { P } ^ { \mathrm { B } } = 4 and QdB=2\mathrm { Q } ^ { \mathrm { dB } } = 2 . The choke price for this demand curve is


A) 10
B) 2
C) 5
D) 2- 2

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions