Why is demand curve for an individual firm horizontal
Answers
Answered by
1
Explanation:
Demand Curve for a Firm in a Perfectly Competitive Market: The demand curve for an individual firm is equal to the equilibrium price of the market. The market demand curve is downward-sloping. ... The horizontal demand curve indicates that the elasticity of demand for the good is perfectly elastic.
Answered by
1
Explanation:
Demand Curve for a Firm in a Perfectly Competitive Market: The demand curve for an individual firm is equal to the equilibrium price of the market. The market demand curve is downward-sloping. ... The horizontal demand curve indicates that the elasticity of demand for the good is perfectly elastic.
pls follow me like
Similar questions