Download App

Theory of consumer behaviour — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsTheory of consumer behaviour2 Marks
Question
How a linear demand curve is different from a non-linear demand curve?
✓

Answer

A linear demand curve is the one which has a constant slope, i.e. $\frac{\Delta \text{P}}{\Delta\text{Q}}$ remains constant, however a non-linear demand curve is the one for which the slope is not constant (rather falls).

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "2 Marks Question" from Theory of consumer behaviour→Theory of consumer behaviour — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

As a result of fall in price of the commodity by 10%, the quantity supplied also falls by 15%. Comment on PES.
→
Explain the ‘lender of last resort’ function of the Central Bank.
→
A firm supplies 500 units of a good at a price of Rs5 per unit. The Price Elasticity of Supply of a good is 2. At what price will the firm supply 700 units?
→
How does fall in marginal production affect total output?
→
Define total fixed cost (Supplement/ Indirect/ overhead cost).

OR

Define fixed cost.

OR

 What is meant by fixed (supplementary) costs of a firm? Give examples.

→
Give the meaning of deflationary gap.
→
How does the budget line change, if the price of good Y decreases by a rupee but the price of good X and consumer income remain unchanged?
→
What is demand?
→
Explain the effect of appreciation of domestic currency on exports.
→
Why does the SMC curve cut the AVC curve at the minimum point of the AVC curve?
→