4. The demand curve of an individual perfectly competitive business isశాలిా ఎంగ్ృుdownward-sloping with price set solely by the forces of supply and demandupward-sloping with price set solely by the forces of supply and demandhorizontal ata price set by the businesshorizontal at a price set by the forces of market supply and demandperfectiv inelasticO O

The demand curve for perfectly competitive business is horizontal at a price set by the forces of…

luple Cholce downward-sloping with price set solely by the forces of supply and dem upward-sloping with price set solely by the forçes of supply and demand horizontal ata price set by the business horizontal ata price set by the forces of market supply and demand

luple Cholce downward-sloping with price set solely by the forces of supply and dem upward-sloping with price set solely by the forçes of supply and demand horizontal ata price set by the business horizontal ata price set by the forces of market supply and demand

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter8: Perfect Competition

Section: Chapter Questions

Problem 1SCQ: Firms ill a perfectly competitive market are said to be price takers that is, once the market...

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Question

The demand curve of an individual perfectly competitive business is
శాలిా ఎంగ్ృు
downward-sloping with price set solely by the forces of supply and demand
upward-sloping with price set solely by the forces of supply and demand
horizontal ata price set by the business
horizontal at a price set by the forces of market supply and demand
perfectiv inelastic
O O

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