Ayushi Asked a Question
August 12, 2020 7:03 pmpts 30 pts
13, The demand curve confronted by the individual purely competitive fim is (1) relativeiy elastic, that is, the elasticity coefficient is greater than unity (2) relatively inelastic, that is, the elasticity coefficient is less than unity (3) perfectly elastic (4) perfectly inelastic
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  • Nidhi taparia Best Answer
    The demand curve that an individual purely or perfectly competitive firm faces is PERFECTLY ELASTIC. This means that if the firm changes the price even a little bit, then it shall ...
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