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

Author Question: In a short run competitive equilibrium A) the market demand curve is horizontal. B) the market ... (Read 136 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
on: Jul 1, 2018
In a short run competitive equilibrium
 
  A) the market demand curve is horizontal.
  B) the market demand curve is downward sloping.
  C) the market demand curve is perfectly inelastic.
  D) All of the above are possible.

Question 2

Most modern financial centers use computers to match buyers and sellers. This absence of personal contact contradicts the definition of a market.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kaytorgator

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

False. Buyers and sellers need not meet during a market transaction since a market is not tied to a particular location.


Hungry!

  • Member
  • Posts: 1,071
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

competitive inhibition competitive inhibition
A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ... A typical distillation curve. Heavier molecules evaporate at higher temperatures and contain more ...
Short, Upbeat Massage Sessions can Improve Mental Alertness. Short, Upbeat Massage Sessions can Improve Mental Alertness.
Stretching the shoulder muscles with arm in horizontal flexion. Stretching the shoulder muscles with arm in horizontal flexion.
Oxygen-binding curve for myoglobin Oxygen-binding curve for myoglobin
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Video: Photosynthesis overview Animation

For a complete list of videos, visit our video library