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State whether the following statement is True or False: If y = 7x + 1, then the rate of change of demand (x) of a commodity with respect to its price (y) is 7

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Question

State whether the following statement is True or False:

If y = 7x + 1, then the rate of change of demand (x) of a commodity with respect to its price (y) is 7

Options

  • True

  • False

MCQ
True or False
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Solution

False

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Chapter 1.3: Differentiation - Q.3
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