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Author Question: The price elasticity of demand for a horizontal demand curve is: a. 0. b. -1. c. 1. d. - ... (Read 36 times)

CharlieWard

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on: Jul 1, 2018
The price elasticity of demand for a horizontal demand curve is:
 a. 0.
  b. -1.
  c. 1.
  d. - infinity.

Question 2

The profit-maximizing monopolist, faced with a negative-sloping demand curve, will always produce:
 a. at an output greater than the output where average costs are minimized
  b. at an output short of that output where average costs are minimized
  c. at an output equal to industry output under pure competition
  d. a and c
  e. none of the above


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pallen55

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

b


CharlieWard

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  • Posts: 578
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

daiying98

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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