The demand curve in a purely competitive industry is down sloping , while the demand curve to a single firm in that industry is perfectly elastic.
<h3>What is demand curve?</h3>
Demand curve can be defined as a graph that help to show the price of product as well as demand quantity.
In a situation where the demand curve is down sloping this means that a manufacturer intend to go for the price of goods and service and the quantity demanded in order to increase profit .
Inconclusion the demand curve in a purely competitive industry is down sloping.
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Answer:
B is the correct answer.
Explanation:
Business proposals are formal written statements made on a customer's inquiry. It can also be called as a report in which a seller describes how the business can best fulfill the needs of a customer and includes a detailed manner what the company has to offer, what the company can provide and how it can match to the buyers request and why your product is the best choice for the buyer.
It is written as a response to Request for Proposal (RFP). Request for proposal is written to request goods and services. The various sections of a business proposal are cover letter, title page, table of contents, Executive summary, procedures.
You collect information aboutvthe individual your working with
Answer:
The correct answer is letter "C": Developing your design solution.
Explanation:
Every project borns with the idea of <em>finding a solution</em> to a problematic situation. While designing a project coming up with what the solution is for the problem that you would like to attempt solving is vital because from there part all the steps on what and how it is going to be done.
Answer:
a. increase price in the short run but not in the long run.
Explanation:
The firms don't use resources that are available in limited quantities. So, as firm output increases, they can use resources in higher quantity but at the same price.
Therefore, as quantity demanded increases, the firms can supply higher quantity without any increase in resource cost. So, price increase in short run but not in the long term.
