" a straight line supply curve is drawn indicating a non linear supply function." True/false.give reason .
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Anyways, the demand and the supply curves need not always be straight lines. In fact, in real life scenarios, you would rarely be able to find a demand or supply relationship which could ideally be represented by a straight line.
What you see in the picture with the question and also in most books, is the representation of a linear demand and supply function. ( Ex: qty dded = -6.5*price + 3500)
However, there are non linear demand and supply functions as well. Here is an example of an exponential demand function:

What you see in the picture with the question and also in most books, is the representation of a linear demand and supply function. ( Ex: qty dded = -6.5*price + 3500)
However, there are non linear demand and supply functions as well. Here is an example of an exponential demand function:

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