The demand curve for a perfectly competitive firm is
A) elastic at relatively high prices and inelastic at relatively low prices.
B) perfectly elastic.
C) perfectly inelastic.
D) unitary elastic.
B
Economics
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An increase in the public debt would most likely indicate that
A) national saving has increased. B) the budget deficit has increased. C) the budget deficit has decreased. D) the trade deficit has decreased.
Economics
The quantity at which quantity demanded and quantity supplied are equal for a certain price level is known as
a. equilibrium price. b. equilibrium quantity. c. equilibrium rate. d. equilibrium level.
Economics