AR curve is downward sloping when
A. Price falls with rise in output
B. Price initially rises at an increasing rate, then at a diminishing rate.
C. Price remains same at all levels of output
D. none of these.
Answer:A
AR curve is downward sloping when
A. Price falls with rise in output B. Price initially rises at an increasing rate, then at a diminishing rate. C. Price remains same at all levels of output D. none of these.