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In the second graph, where we have MC curve downward sloping, the price point that you have indicated lies on the MC curve. SHouldn't they be on the corresponding demand curve?
yes. that is a mistake. It should be on the corresponding demand curve.
@@microeconomics-iitk1089 then again both p and q increases
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
In the second graph, where we have MC curve downward sloping, the price point that you have indicated lies on the MC curve. SHouldn't they be on the corresponding demand curve?
yes. that is a mistake. It should be on the corresponding demand curve.
@@microeconomics-iitk1089 then again both p and q increases