Which of the Following Statements Is Correct

question 47

Multiple Choice

Which of the following statements is correct?

• A)The demand curve for a perfectly competitive firm is perfectly elastic,but the demand curve for a perfectly competitive industry is downward sloping.
• B)The demand curve for a perfectly competitive firm is downward sloping,but the demand curve for a perfectly competitive industry is perfectly elastic.
• C)The demand curves are downward sloping for a perfectly competitive firm and a perfectly competitive industry.
• D)The demand curves are perfectly elastic for both a perfectly competitive firm and a perfectly competitive industry.

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Definitions:

Alkane Name

A nomenclature system for alkanes based on the number of carbon atoms, using prefixes to indicate chain length.

Alkane Name

A systematic nomenclature for naming organic compounds where the molecules consist only of carbon and hydrogen atoms, arranged in a tree structure with single bonds.

Alkane Name

The systematic naming of alkanes follows the IUPAC nomenclature, typically ending in "-ane" and beginning with a prefix indicating the number of carbon atoms.

IUPAC Name

The systematic naming of chemical compounds as per the rules established by the International Union of Pure and Applied Chemistry.