« previous next »

Author Question: If the market demand curve in a perfectly competitive industry shifts left, the demand curve for ... (Read 157 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?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

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.

Aneurysm. Photograph of the aorta, the large blood vessel arising from the heart, with a large bulge Aneurysm. Photograph of the aorta, the large blood vessel arising from the heart, with a large bulge
The respiratory system. (a) Sagittal section of the head and neck, revealing the organs of the upper The respiratory system. (a) Sagittal section of the head and neck, revealing the organs of the upper
Blood PH Curve Hemoglobin Blood PH Curve Hemoglobin
Close-up view of a diaphragm amplifier on the left and a bell amplifier on the right Close-up view of a diaphragm amplifier on the left and a bell amplifier on the right
Uncover the left arm and shoulder. Apply oil or lotion to the arm with effleurage from hand to ... Uncover the left arm and shoulder. Apply oil or lotion to the arm with effleurage from hand to ...
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Passive Smoke Exposure

For a complete list of videos, visit our video library