Current Affairs

GK MCQs Section
Q. When there is a negative sloping straight-line demand curve, the total revenue curve is:
Answer: An inverted vertical parabola
Notes: When there is a negative sloping straight-line demand curve, the total revenue curve is an inverted vertical parabola. In economics, a demand curve is a graph depicting the relationship between the price of a certain commodity and the quantity of that commodity that is demanded at that price.

This Question is Also Available in:

हिन्दी
This question has been sourced from GKToday's "40000+ GK / General Studies MCQs for SSC & State PCS Exams" App Exclusive Course in GKToday Android Application which provides more than 40K General Knowledge and General Studies questions with explanations asked in all Competitive Exams of India.
📌 Question Number: 86 in General Studies Mock Test - 60 in the above course in App.