Question

A linear demand function is depicted through _____ ??
a) A straight-line demand curve
b) A downward slopping demand curve
c) A vertical demand curve
d) None of these​

Answer 1

Answer:

........,......................

Explanation:

I think (a)

Answer 2

A linear demand function is depicted through (a) A straight-line demand curve

• A linear demand function is depicted through a straight-line demand curve.
• A forthright line demand curve is unbent and it has a unitary elasticity at the middle that is the elasticity of demand(Ed) is equal to 1.
• Any point below the middle Ed is less than 1
• Any point beyond the middle Ed is more than 1
• For example, television is a luxury item and here consumer becomes price sensitive which means that as soon as the price of television falls quantity demanded by consumers increases and the other way round
• In this case, the demand curve is represented by a linear path.