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The rate of change of demand with respect to price is called ____________ .
Correct Answer Is : Differentiation If the function f(x) is ______________ at x = c, then f`( c ) > 0. Correct Answer Is : Increasing If the function f(x) is ______________ at x = c, then f`( c ) < 0. Correct Answer Is : Decreasing Demand function D = f (P) , marginal demand Dm = ___________ . Correct Answer Is : DD / dP Total cost function D = f (P) , marginal cost Cm = ___________ . Correct Answer Is : DC / dP Supply function S = g (P) , marginal supply Sm = ___________ . Correct Answer Is : DS / dP True or false: the price of elasticity of demand is referred as "Elasticity of demand". Correct Answer Is : TRUE The price of elasticity of demand is denoted by ? Correct Answer Is : η The elasticity of demand is given by η = Correct Answer Is : ((-P/D).(dD/Dp)) If η = 0, it means the demand D is ____________ . Correct Answer Is : Constant function of price