In a perfectly competitive market, the market demand curve is ________ , while an individual firm's demand curve is ________
a. downward-sloping; horizontal.
b. downward-sloping but relatively flat; downward-sloping but relatively steep.
c. horizontal; downward-sloping.
d. horizontal; vertical
a
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Which is a question of interest in this book?
A) Where is the stock market heading? B) What is the optimal inflation rate? C) How are stock options priced? D) What are commodity futures?
Of the following countries, which country's government collects the least amount of tax revenue as a percentage of that country's total income?
a. Japan b. United States c. Mexico d. Denmark
Those without any health insurance in the U.S. tend to be the following groups, except:
A. Those who are in excellent health and those with the poorest health B. Workers in small firms C. Minimum-wage workers D. Those receiving Social Security payments
Which of the following is an example of an automatic stabilizer during a recession?
A) A decrease in tax revenue due to an increase in unemployment B) An increase in money supply due to a decrease in bank deposits C) An increase in interest rates due to a decrease in investment D) A decrease in inflation due to an increase in consumption