This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a firm facing a perfectly elastic demand curve raises its price, a. it will still sell exactly ... (Read 51 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
on: Jul 1, 2018
If a firm facing a perfectly elastic demand curve raises its price,
 a. it will still sell exactly the same amount of output as it did at the lower price
  b. it will lose some, but not all, of its sales
  c. its sales will decrease to zero
  d. its sales will increase
  e. it is impossible to predict what will happen to its sales

Question 2

A perfectly elastic demand curve is
 a. a vertical straight line
  b. a horizontal straight line
  c. a downward-sloping straight line
  d. an upward-sloping straight line
  e. not a straight line


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ecabral0

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


Cooldude101

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Jul 1, 2018
Thank you :)


ecabral0

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

A theoretical photosynthetic response curve. A theoretical photosynthetic response curve.
The oxygen isotope curve illustrates the ratio between 16O and 18O. The oxygen isotope curve illustrates the ratio between 16O and 18O.
Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ... Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ...
Facing the table, place one hand on the thigh and the other on the lower leg. Gently rock the leg ... Facing the table, place one hand on the thigh and the other on the lower leg. Gently rock the leg ...
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
Video: The life cycle of protein

For a complete list of videos, visit our video library