The Demand Curve for a Perfectly Competitive Industry Is

question 129

Multiple Choice

The demand curve for a perfectly competitive industry is

• A) perfectly inelastic.
• B) downward sloping.
• C) perfectly elastic.
• D) unit elastic.

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Definitions:

Square Root

A square root of a number is a value that, when multiplied by itself, gives the original number, symbolized as √.

Radical Equation

An equation in which the variable is contained inside a radical, often a square root.

Square Root

A number that, once squared, equals the number it originated from.

Pythagorean Theorem

A mathematical principle that establishes a relationship between the lengths of the sides of a right triangle, stating that the square of the length of the hypotenuse is equal to the sum of the squares of the lengths of the other two sides.