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 152 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
Wow, this really help

bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Children with Down syndrome have a small head, short, thick neck, flattened face, and a distinctive ... Children with Down syndrome have a small head, short, thick neck, flattened face, and a distinctive ...
Stretch shoulder in horizontal flexion by grasping at the forearm and reaching the entire arm across ... Stretch shoulder in horizontal flexion by grasping at the forearm and reaching the entire arm across ...
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Short-wavelength flux is reflected by Earth Short-wavelength flux is reflected by Earth
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
A forklift pushes a 100-kg crate, starting from rest, exerting a horizontal force of magnitude ... A forklift pushes a 100-kg crate, starting from rest, exerting a horizontal force of magnitude ...
Video: Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library