Answer: C.) The actions of consumers in response to changes in price.
Explanation:
The Law of Demand states that as the price of a service/product decreases, the demand will increase and vice versa. Therefore, it doesn't necessarily related to the producer's response, but the consumer's. And since the consumer isn't producing, they are not in direct contact with the production costs.
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The answer would be 20 percent
Use the linear formula y=m x + b
If a perfectly competitive business firm is a price taker, then: A. pressure from competing firms will force acceptance of the prevailing market price.
<h3>What is a perfectly competitive market?</h3>
A perfectly competitive market can be defined as a type of market that is typically characterized by many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
<h3>What is a
price taker?</h3>
A price taker can be defined as a business firm that is operating in a perfectly competitive market and is generally required to take the prevailing market price for its homogeneous product.
In this context, we can infer and logically deduce that pressure from other competing business firms would force acceptance of the prevailing market price when a perfectly competitive business firm is a price taker.
Read more on price here: brainly.com/question/11898489
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Complete Question:
If a perfectly competitive firm is a price taker, then
A. pressure from competing firms will force acceptance of the prevailing market price.
B. it must be a relatively small player compared to its competitors in the overall market.
C. it can increase or decrease its output without affecting overall quantity supplied in the market.
D. quality differences will be very perceptible and will play a major role in purchasers' decisions.
The correct answer to public libraries response to to patrons’ increasing desire for e-books is; made a proactive change
<h3>What are proactive changes?</h3>
From the question we see that the public libraries have observed that patrons were now liking e-books more than print books. Thus, they are seeking to use technology to allow people to check out books on their mobile devices.
Now, this attitude of public libraries to allow patrons check out books on their mobile device is called being proactive. Thus, we can say that they made a proactive change by making changes in advance to suit the priorities of the users.
Read more about changes at; brainly.com/question/2147899
