Demand curve Archives

Why is the marginal revenue curve downward sloping for the firm in a price searcher market? Also, why is it less than the demand curve?

Posted on October 22, 2022 by Assessments

1. What is the difference between firms that are price takers and those that are price searchers? 2. Why is marginal revenue constant for the firm in a price taker market? 3. In the long-run economic profits in a price taker market will tend toward zero. Why? 4. What determines the output of a price […]

Discuss: What does equilibrium price represent? What factors cause equilibrium to change and why is it important that prices are flexible in our economy?

Posted on October 13, 2021 by Ambrose

1. Provide examples of a variable that affect the supply curve and a variable that affects the demand curve (You must refer to the determinants of demand and supply in your textbook) 2. Think of a product or service that use in your everyday life or workplace. Describe how the supply or demand of this […]

Create and draw a demand curve for a product you buy on a regular basis. Pease include a demand schedule add labels to your graph, indicate the name of the products, the price and the quantity axis.

Posted on June 11, 2021 by Ambrose

Create and draw a demand curve for a product you buy on a regular basis.Include a demand schedule add labels to your graph, indicate the name of the products, the price and the quantity axis.

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Tag: Demand curve

Why is the marginal revenue curve downward sloping for the firm in a price searcher market? Also, why is it less than the demand curve?

Discuss: What does equilibrium price represent? What factors cause equilibrium to change and why is it important that prices are flexible in our economy?

Create and draw a demand curve for a product you buy on a regular basis. Pease include a demand schedule add labels to your graph, indicate the name of the products, the price and the quantity axis.