This topic contains a solution. Click here to go to the answer

Author Question: The market demand curve in a perfectly competitive industry is horizontal, while the demand curve ... (Read 152 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

momtoalll

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

False

Answer to Question 2

d




nevelica

  • Member
  • Posts: 563
Reply 2 on: Jun 30, 2018
Gracias!


Chelseyj.hasty

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Excellent

 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

For a complete list of videos, visit our video library