For any competitive market, the supply curve is closely related to the
举一反三
- For any competitive market, the supply curve is closely related to the A: preferences of consumers who purchase products in that market. B: income tax rates of consumers in that market. C: firms’ costs of production in that market D: interest rates on government bonds
- The market supply curve is:
- 解释概念：市场供给曲线（ market supply curve）
- A competitive market is a market in which_______. A: an auctioneer helps set prices and arrange sales. B: there are only a few sellers. C: the forces of supply and demand do not apply. D: no individual buyer or seller has any significant impact on the market price.
- When a monopolistically competitive firm raises its price, A: quantity demanded falls to zero. B: quantity demanded declines but not to zero. C: the market supply curve shifts outward. D: quantity demanded remains constant.