Answer: B. If the market demand curve becomes more elastic, the firm's demand curve will become more elastic
Explanation:
Monopoly is a market structure whereby there is just one single supplier for a particular good or service. The monopolist controls the price.
We should note that the monopolist enjoys market power due to theofact that its product has an inelastic demand that is, a price change will have a minimal impact on the demand.
But the monopoly power will reduce in a case whereby the market demand curve becomes more elastic, then the firm's demand curve will become more elastic as well.
Answer:
An indifference curve describes how a consumer is indifferent to goods and services and its various combinations at a given total earnings. Demand and consumption forms the primary base of the indifference curve and the curve is usually drawn from the position of the customer involved.
PPC means production possibility curve and it helps in the enlightenment of the production possibilities of two different set of goods. Production, technology and available resources forms its primary base and the curve is usually drawn from the position of an economy in perspective.
President Sukarno of Indonesia introduced a guided democracy, he believed that a western system government is not the right political system for Indonesia. Disagreement entered in Indonesia with this kind of system that resulted in military movements that took control of some parts of the country. Because of the political problems that rose up, Sukarno declared Martial Law.
Civilians, military and supporters gathered to support his ouster. The discontent on his term was high and his guided democracy was never accepted by the people. He was put to house arrest and died of health problem.
Neuropathy is a neurologic disorder that Mr.hatch might be at an increased risk for.
Answer:
When two heterozygous short-haired rabbits are crossed, the short hair being dominant and the long hair recessive, the phenotypes in the offspring will be 75% short hair and 25% long hair, with short hair: long hair ratio of 3:1.
Explanation:
