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Radda [10]
1 year ago
9

The demand schedule or curve confronted by the individual, purely competitive firm

Social Studies
1 answer:
Vaselesa [24]1 year ago
7 0

The demand schedule (curve) confronted by an individual is perfectly elastic rather than being a purely competitive firm.

<h3>The types of schedule.</h3>

In Economics, there are two main types of chart that can be used to illustrate the relationship between the total quantity of goods or services that are demanded by consumers and the total quantity of goods or services that were supplied by a manufacturer (producer) and these include:

  • Supply schedule
  • Demand schedule

Generally, the demand schedule (curve) confronted by an individual is perfectly elastic rather than being a purely competitive firm because the demand for goods or services is infinite.

Read more on demand schedule here: brainly.com/question/4802994

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