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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 72 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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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

mammy1697

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Reply 3 on: Yesterday
Wow, this really help

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