For purely competitive industry, a fundamental requiremen...
For purely competitive industry, a fundamental requirement of the demand curve faced by individual firms is that it should be
Downward sloping and price inelastic
Perfectly price elastic
Downward sloping but price inelastic
Perfectly price inelastic
Correct answer is B
No explanation has been provided for this answer.
The most common type of business in West African countries is ...
\(\begin{array}{c|c} Price (N) & 20 & 16 \\ \hline \text{Quantity demanded} & 100 &am...
Another name for the International Banks for Reconstruction and Development (IBRD) is ...
A shift of the demand curve leftward from its original position indicate ...
Which of the following is an external economy derived by a firm? ...
A state budget is an outline of planned ...
The theory of income determination is traced to ...
Which of the following pairs can be referred to as middlemen? ...