send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Type your modal answer and submitt for approval
The demand curve of a monopoly firm will be———————–.
upward sloping
downward sloping
horizontal
vertical
- Option 1: Upward sloping
- This option is typically incorrect for a demand curve. An upward sloping curve would suggest that as price increases, quantity demanded increases, which contradicts the law of demand.
- Option 2: Downward sloping
- Correct Answer: The demand curve for a monopoly is downward sloping. This means as the price decreases, the quantity demanded increases. Unlike in perfect competition, a monopoly has market power and can influence prices.
- Option 3: Horizontal
- This represents a perfectly elastic demand curve, usually seen in perfect competition. A monopoly doesn’t have a horizontal demand curve because it can set its own prices.
- Option 4: Vertical
- A vertical demand curve suggests perfectly inelastic demand, where quantity demanded doesn't change with price. This is not typical for monopolies.
By: santosh ProfileResourcesReport error
Access to prime resources
New Courses