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Author Question: The market demand curve in a perfectly competitive industry is horizontal, while the demand curve ... (Read 154 times)

nevelica

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  • 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.


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momtoalll

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

d


nevelica

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bulacsom

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Reply 3 on: Yesterday
Excellent

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