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

Author Question: The demand curve facing a price-taking industry is perfectly elastic. (Read 48 times)

oliviahorn72

  • Hero Member
  • *****
  • Posts: 579
on: May 25, 2020

Question 1

If a price-taking firm is in short-run equilibrium it must also be in long-run equilibrium.
◦ true
◦ false

Question 2

The demand curve facing a price-taking industry is perfectly elastic.
◦ true
◦ false
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by oliviahorn72 on May 25, 2020

shayla

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


oliviahorn72

  • Member
  • Posts: 579
Reply 2 on: May 25, 2020
Wow, this really help

xoxo123

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Serotonin and Risk-Taking Behavior Serotonin and Risk-Taking Behavior
Taking an interesting course can help keep your brain active. These seniors are taking a class in ... Taking an interesting course can help keep your brain active. These seniors are taking a class in ...
Dose-response curve with threshold Dose-response curve with threshold
Food policy can drive the food industry Food policy can drive the food industry
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Video: Rena arc construction

For a complete list of videos, visit our video library