In the short run, when the output of a firm increases, its average fixed cost

Demand and Supply MCQs

September 27, 2022

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Q. In the short run, when the output of a firm increases, its average fixed cost: Remains constantDecreasesIncreasesFirst decreases and then rises Answer: Decreases

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Normally a demand curve will have the shape

Demand and Supply MCQs

September 27, 2022

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Q. Normally a demand curve will have the shape: HorizontalVerticalDownward slopingUpward sloping Answer: Downward sloping

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