1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Akimi4 [234]
2 years ago
13

For a horizontal demand curve

Mathematics
1 answer:
kkurt [141]2 years ago
3 0

Answer:

d. both the slope and price elasticity of demand are equal to 0.

Step-by-step explanation:

In order to graph the demand curve, the quantity demanded is plotted along x-axis and the price is plotted along y-axis. An image attached below shows the horizontal demand curve.

Horizontal demand curve, as its name indicates, is a horizontal line which is parallel to x-axis. Since, the slope of any line parallel to x-axis is 0, we can conclude that the slope of Horizontal demand curve is 0.

A horizontal demand curve can be observed for a perfectly competitive market. Since, its a perfect competition, the price of a product by all competitors will be the same. In this case, if a firm decides to increase the price, he will loose his market share as no customer will buy the product at increased price. They will rather go with the other competitor who is offering a similar product at lower price.

On the other hand, if a competitor decides to lower his price in such case, he will experience loss. Therefore, the competitors do not have the option to change the price. Therefore, we can say the price elasticity of demand in this case is 0.

So, option D describes the horizontal demand curve correctly.

You might be interested in
Sarafina and Katie have between $105 and $420 dollars to spend on jewelry for Christmas presents for their friends. If they buy
algol13

Answer:

66

Step-by-step explanation:

105+420=525   (Total Money)

7x3.25=22.75   (Cost of all bracelets)

8x11.74=93.92   (Cost of all necklaces)

93.92+22.75=116.67   (Cost of all Christmas presents)

525-116.67=408.33   (Total money - Cost of all Christmas presents)

408.33/6.15=66.39...   (Amount of necklaces)

since in real life you can only buy a whole number of things, you would round down 66.39 to 66. I hope this helped!

5 0
2 years ago
What is (f-g)(x)?<br><br> f(x)=x^4-x^2+9<br> g(x)=x^3+3x^2+12
sweet-ann [11.9K]
X^4 - x^2 + 9 - (x^3 + 3x^2 + 12) =

x^4 - x^3 - 4x^2 - 3
6 0
2 years ago
A structural steel fabricator cuts 25 pieces each 16.2 centimeters long from a 6.35-meter length
Daniel [21]

Answer: 2.2 meters

Step-by-step explanation:

The data is:

The initial piece is 6.35 meters long.

We cut 25 pieces of 16.2cm each, so in pieces only we have:

25*16.2cm = 405cm

1m = 100cm

Then: 405cm = (405/100) m = 4.05m

And each time that we cut a piece, we have 4mm of waste.

Then we have 25 times the 4mm of waste, this means that the total waste is:

4mm*25 = 100mm

and 1000mm = 1m

100mm = (100/1000) m = 0.1m

So the total amount that was cut is:

4.05m + 0.1m = 4.15m

The length in the channel iron will be: 6.35m - 4.15m = 2.2 meters

7 0
2 years ago
Bananas are $0.59/pounds.  What is the constant of proportionality?
In-s [12.5K]
The constant proportionality is the proportionality of 59. Because it is the price, you just move the decimal point two places over to the left.
If you do this correctly you will get .59
3 0
3 years ago
Read 2 more answers
What does 7/18 + 2/27=
victus00 [196]

The answer would be 25/54

4 0
3 years ago
Read 2 more answers
Other questions:
  • Calculate to the nearest 1/10th meter the length of the side of a 7th, 12th, and 30th hectare square plot.
    10·1 answer
  • What is chemestry ..
    11·1 answer
  • A worm travels 1250 millimeters how many meters did it travel
    5·1 answer
  • 72 divided by 4 in distributive property
    13·2 answers
  • Suppose you are told that a 95% confidence interval for the average price of a gallon of regular gasoline in your state is from
    7·1 answer
  • In the diagram, the measures of ∠1, ∠4, and ∠5 are 120°. The measure of ∠7 is 60°. Are lines c and d parallel
    10·2 answers
  • My brother is 5 years older than I am. My sister is 3 years younger than I am.
    10·1 answer
  • Jocelyn sells necklaces for $8 each. It costs her $20 for
    7·1 answer
  • What is the value of 2.3​
    6·1 answer
  • RDY and NDA are:
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!