Question

the demand curve faced by an individual seller in perfect competition is which elastic​

Answer 1

Answer:

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Explanation:

All goods in a perfectly competitive market are considered perfect substitutes, and the demand curve is perfectly elastic for each of the small, individual firms that participate in the market. These firms are price takers–if one firm tries to raise its price, there would be no demand for that firm's product

Answer 2

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All goods in a perfectly competitive market are considered perfect substitutes, and the demand curve is perfectly elastic for each of the small, individual firms that participate in the market. These firms are price takers-if one firm tries to raise its price, there would be no demand for that firm's product