State whether the following statement is True or False: If y = x2, then the rate of change of demand (x) of a commodity with respect to its price (y) is 12x - Mathematics and Statistics

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MCQ
True or False

State whether the following statement is True or False:

If y = x2, then the rate of change of demand (x) of a commodity with respect to its price (y) is `1/(2x)`

Options

  • True

  • False

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Solution

True

Concept: Derivatives of Inverse Functions
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Chapter 1.3: Differentiation - Q.3

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