The perfect competitor's demand curve is
A. perfectly elastic.
B. relatively elastic.
C. relatively inelastic.
D. perfectly inelastic.
A. perfectly elastic.
Economics
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Some policymakers claim that raising the minimum wage leads to higher employee morale and productivity. In this sense, an increased minimum wage would be operating like
A) an equilibrium real wage. B) an efficiency wage. C) a full employment wage. D) a sticky wage.
Economics
Which of the following would be a human capital investment?
a. On-the-job training programs. b. Health care programs. c. Formal education. d. All of these.
Economics