1
Question
Why is AR curve also known as the demand curve?
Why is AR curve also known as the demand curve?
Open in App
Solution
Average revenue is called demand curve. This is because average revenue curve shows different quantities of output that the firm can sell at different prices which is the same as demand for the output at different price levels.
Average revenue is called demand curve. This is because average revenue curve shows different quantities of output that the firm can sell at different prices which is the same as demand for the output at different price levels.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
