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Author Question: The demand curve faced by a monopolistically competitive firm is A) horizontal. B) vertical. C) ... (Read 69 times)

mydiamond

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on: Jun 29, 2018
The demand curve faced by a monopolistically competitive firm is
 
  A) horizontal.
  B) vertical.
  C) downward sloping.
  D) upward sloping.

Question 2

A negative slope
 
  A) represents an inverse relationship, such as beers consumed and test score.
  B) represents a direct relationship, such as snow fall and car accidents.
  C) indicates that there is no relationship between two variables, such as women's wages and likelihood of sunshine.
  D) means that the line crosses below the x-axis.


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bigcheese9

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


mydiamond

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

sailorcrescent

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Reply 3 on: Yesterday
Excellent

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