Price #10; line or firm's demand curve is the same as firm's AR curve, because AR #10;means price, and demand curve (or AR curve) shows the relationship ...

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Byju's Answer

Standard XII

Economics

Money Supply and Inflation

Define price ...

Question

Define price line.

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Solution

Price line or firm's demand curve is the same as firm's AR curve, because AR means price, and demand curve (or AR curve) shows the relationship between price and quantity demanded of firm's output.

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