Normally a demand curve will have the shape

Asked by admin @ 24/08/2021 in Economy viewed by 322 People

Normally a demand curve will have the ---- shape.

A. Horizontal B. Vertical C. Downward sloping D. Upward sloping

Answered by admin @ 24/08/2021

Answer:Downward sloping

The demand curve is shaped by the law of demand. In general, this means that the demand curve is downward-sloping, which means that as the price of a good decreases, consumers will buy more of that good.

A shift in the demand curve can be caused by

Asked by admin @ 27/11/2021 in Business viewed by 287 persons

A shift in the demand curve can be caused by a change in one of the determinants of demand. a. a change in the technology used by firms. b. a …

The market demand curve in a perfectly competitive market is

Asked by admin @ 26/11/2021 in Business viewed by 371 persons

Indicate whether each of the statements below about a perfectly competitive market is true or false. a. In general, the market demand curve in a perfectly competitive market is perfectly …

The downward sloping demand curve for a monopolistically competitive firm

Asked by admin @ 07/11/2021 in Business viewed by 271 persons

Since a monopolistically competitive firm faces a downward-sloping demand curve, its price will be _____ revenue

What is the demand curve in a perfectly competitive market

Asked by admin @ 28/10/2021 in Business viewed by 347 persons

Indicate whether each of the statements below about a perfectly competitive market is true or false. a. In general, the market demand curve in a perfectly competitive market is perfectly …

One feature of pure monopoly is that the demand curve

Asked by admin @ 28/10/2021 in Business viewed by 291 persons

One defining characteristic of pure monopoly is that: the monopolist is a price taker. the monopolist uses advertising. the monopolist produces a product with no close substitutes. there is relatively …

When demand is perfectly inelastic the demand curve will be

Asked by admin @ 28/10/2021 in Business viewed by 279 persons

When demand is perfectly inelastic, Group of answer choices small changes in price lead to large changes in the quantity demanded. the price elasticity of demand is greater than 1. …

A demand curve reflects each of the following except the

Asked by admin @ 12/10/2021 in Business viewed by 322 persons

Question 2 A demand curve reflects each of the following except the a. highest price buyers are willing to pay for each quantity. b.quantity that each buyer will ultimately purchase. …

The area under the whole normal curve is

Asked by admin @ 25/08/2021 in Math viewed by 244 persons

The area under the whole normal curve is

Give one reason for a shift in demand curve

Asked by admin @ 23/08/2021 in Economy viewed by 342 persons

Give 2 reasons for the shift in demand curve to the left

Why demand curve slopes downward from left to right

Asked by admin @ 23/08/2021 in Economy viewed by 295 persons

Why does a demand curve slope downward from left to right

What is the slope of demand curve for giffen goods

Asked by admin @ 04/08/2021 in Economy viewed by 274 persons

What is the slope of demand curve for giffen goods?

Why does an economist create a market demand curve

Asked by maham237 @ 18/02/2021 in Business viewed by 314 persons

Why does an economist create a market demand curve? to predict how people will change their buying habits when prices change to have an idea of how a market would …

Inverse market demand curve

Asked by maham237 @ 16/02/2021 in Business viewed by 307 persons

In a Cournot market with two firms, the inverse market demand curve is P = 20 – 0.5Q, where Q = q1 + q2. (Firm 1's output = q1; Firm …

A perfectly elastic demand curve implies that the firm

Asked by maham237 @ 16/02/2021 in Business viewed by 304 persons

A perfectly elastic demand curve implies that the firm: A) must lower price to sell more output. B) can sell as much output as it chooses at the existing price. …

Three causes for shifts in the demand curve

Asked by maham237 @ 07/01/2021 in Business viewed by 292 persons

List and describe three causes for shifts in the demand curve. 11. why do economists use percentage change to calculate elasticity of demand? 12. what are four factors that affect …