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Dx = a – bPx represents the general form of a ___ function

Dx = a – bPx represents the general form of a ___ function

dynamic demand

non-linear demand

—>> linear demand

multivariate demand

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  1. Whether increase in price as a result of rising cost is beneficial to the firm will depend on the price-elasticity of demand for the product and the ___
  2. The discovery of managerial economics as a separate course in management studies has been attributed to all of these major factors except___
  3. ___goods are those goods for which the usefulness is not exhaustible in the short-run use.
  4. In market period, it is assumed the total output of a given product is ___

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