The market demand curve in a perfectly competitive industry is ...

[nevelica]

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.

[momtoalll]

Answer to Question 1

False

Answer to Question 2

d

[nevelica]

Gracias!

[Chelseyj.hasty]

Excellent