Draw AR and MR curves when (a) more sale is possible only at a lower price and (b) more sale is possible at a given price.

Explain the behaviour of AR and MR of a firm when more sale is possible at a given price. Use diagram.

Draw AR and MR curves in a single diagrame of a firm which can sell more units of a good only by lowering the price of that good. Explain.

Why do household buy more at a lower price than at a higher price ?

Prepare a schedule showing TR, AR and MR of a firm who can sell more only by lowering the price. Take at least four output levels.

When the prices of petrol goes up the sale of four wheelers is reduced. (B) The sale of cars has gone up.