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MICROECONOMICS CH : 9 CONCEPT OF REVENUE — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 9 CONCEPT OF REVENUE1 Mark
Question
Define price line.
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Answer

Price line or firm's demand curve is the same as firm's AR curve, because AR means price, and demand curve (or AR curve) shows the relationship between price and quantity demanded of firm's output.

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