The perfect competitor has a perfectly elastic demand curve

A. only in the short run.
B. only in the long run.
C. in both the short run and the long run.
D. in neither the short run nor the long run.

C. in both the short run and the long run.

Economics

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Suppose improvements in technology cause the supply of natural gas to increase and at the same time the demand for natural gas increases. What are we sure of?

A) Both equilibrium price and quantity increase. B) Equilibrium price increases. C) Equilibrium price decreases. D) Equilibrium quantity increases. E) Equilibrium quantity decreases.

Economics

Regarding sexual harassment which of the following is NOT true

a. offenders can be same or opposite sex b. victims do not have to be harassed personally but affected through environment c. harasser must be superior employee d. harassment may occur without economic injury

Economics