In example 4 of the Pricing chapter on page 25 of the notes. Example 4 states whether price/demand relationship is linear?
I have seen your lectures where you were saying that the relationship is linear and sometimes not linear.
Can you tell me what does linear and non-linear mean?
Ask the Tutor ACCA PM
can you tell me this
5y ago#1Linear is when the graph of the price against the demand is a straight line.
Sign in to reply to this topic.