« previous next »

Author Question: If the market demand curve in a perfectly competitive industry shifts left, the demand curve for ... (Read 126 times)

tiffannnnyyyyyy

  • Hero Member
  • *****
  • Posts: 512
on: Jun 30, 2018
If the market demand curve in a perfectly competitive industry shifts left, the demand curve for each existing firm will:
 a. shift up.
 b. shift down.
  c. shift right.
 d. shift left.

Question 2

The farther the Lorenz curve from the line of perfect equality, the lower is the income inequality.
 a. True
  b. False
  Indicate whether the statement is true or false


dmurph1496

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Comparison of the chemical structures of psilocybin and LSD. Psilocybin (left) is derived from a mu Comparison of the chemical structures of psilocybin and LSD. Psilocybin (left) is derived from a mu
Apply circular friction to the left side of the neck along cervical muscles with the fingertips of ... Apply circular friction to the left side of the neck along cervical muscles with the fingertips of ...
Pelvic rock. Place your right hand over the recipient’s left hip bone. Place your left hand over ... Pelvic rock. Place your right hand over the recipient’s left hip bone. Place your left hand over ...
China has relied on cheap coal to meet its demand for energy China has relied on cheap coal to meet its demand for energy
The Frequency Distribution Curve of a Drug The Frequency Distribution Curve of a Drug
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
Video: Carbohydrate digestion (brush border enzymes, end products) & Carb absorption (fructose, galactose)

For a complete list of videos, visit our video library