This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The market demand curve in a perfectly competitive industry is horizontal, while the demand curve ... (Read 96 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
on: Jun 30, 2018
The market demand curve in a perfectly competitive industry is horizontal, while the demand curve faced by an individual perfectly competitive firm is downward sloping.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The supply curve of land, in the market for uses of land, is:
 a. perfectly inelastic.
  b. nonexistent.
  c. perfectly elastic.
  d. positively sloped.
  e. negatively sloped.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

momtoalll

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

d


nevelica

  • Member
  • Posts: 563
Reply 2 on: Jun 30, 2018
:D TYSM

cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

The age-dependent curve of salivary progresterone levels in three populations. The age-dependent curve of salivary progresterone levels in three populations.
Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
Effect-log dose curve for the analgesic action of three narcotics and aspirin. Hydromorphone is more ... Effect-log dose curve for the analgesic action of three narcotics and aspirin. Hydromorphone is more ...
Stretch shoulder in horizontal flexion by grasping at the forearm and reaching the entire arm across ... Stretch shoulder in horizontal flexion by grasping at the forearm and reaching the entire arm across ...
Oxygen-binding curve for myoglobin Oxygen-binding curve for myoglobin
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Video: Four Giant Convection Cells oF Earth

For a complete list of videos, visit our video library