Author Question: In a short run competitive equilibrium A) the market demand curve is horizontal. B) the market ... (Read 157 times)

Hungry! · **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

Kaytorgator · **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.