( a) Distinguish between linear and non-linear demand functions. ( b) What is the difference between the...
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(
a) Distinguish between linear and non-linear demand functions.
(
b) What is the difference between the following demand functions?
( i) Qx = 1 – 5 Px;
( ii) Qx = 100 – 2 P 2 x
( iii) Qx = Ap– b and
( iv) Qx = ( a/ p +
c) – b
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