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Author Question: The market demand curve in a perfectly competitive industry is horizontal, while the demand curve ... (Read 131 times)

nevelica

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on: Jun 30, 2018
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.


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momtoalll

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

d


nevelica

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  • Posts: 563
Reply 2 on: Jun 30, 2018
Excellent

mcarey591

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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