Question

monopolist will produce where demand is elastic. demand is perfectly elastic. demand is inelastic. demand is...

monopolist will produce where

demand is elastic.

demand is perfectly elastic.

demand is inelastic.

demand is perfectly inelastic.
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Monopoly is a market structure type in which-

There is single seller and larger number of buyers on market

Market demand curve is inverse slope in nature

It is the price maker

Demand curve is elastic of monopoly

Elastic demand is that type of demand in which even there is small change in the price can causes heavy change in the quantity demanded

Opposite to it is inelastic demand

Perfectly elastic demand means change in price is constant

In perfectlyelastic demand, the change in quantity demanded is constant

Perfectly elastic demand is found in perfect competition only

So the answer here is option A

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The monopolist will always produce in the inelastic portion of the demand curve. at the unit...
The monopolist will always produce in the inelastic portion of the demand curve. at the unit elastic point on the demand curve. at the point of perfect elasticity. in the elastic portion of the demand curve.
For a firm producing in a perfectly competitive industry the demand is Perfectly elastic. Relatively inelastic....
For a firm producing in a perfectly competitive industry the demand is Perfectly elastic. Relatively inelastic. Perfectly inelastic. Relatively elastic. Please help/explain. Thank you
What is perfectly elastic demand/supply? Draw a graph to represent perfectly elastic demand/supply. What is perfectly...
What is perfectly elastic demand/supply? Draw a graph to represent perfectly elastic demand/supply. What is perfectly inelastic demand/supply? Draw a graph to represent perfectly elastic demand/supply.
What is perfectly elastic demand/supply? Draw a graph to represent perfectly elastic demand/supply. What is perfectly...
What is perfectly elastic demand/supply? Draw a graph to represent perfectly elastic demand/supply. What is perfectly inelastic demand/supply? Draw a graph to represent perfectly elastic demand/supply. When the price of t-shirts increases by 12 percent, the quantity of t-shirts demanded falls by 20 percent. Calculate the price elasticity of demand. Is the demand for t-shirts elastic, inelastic, or unit elastic? When the price of t-shirts falls by 30 percent, the quantity of t-shirts supplied decreases by 20 percent. Calculate the...
The demand curve for a perfectly competitive firm is ______, while the demand curve for a...
The demand curve for a perfectly competitive firm is ______, while the demand curve for a monopolist is ______. Multiple Choice perfectly elastic; perfectly inelastic perfectly elastic; downward-sloping perfectly inelastic; perfectly elastic vertical; downward-sloping
4. If Supply and Demand have the normal shapes (not perfectly elastic or inelastic), a "tax...
4. If Supply and Demand have the normal shapes (not perfectly elastic or inelastic), a "tax on sellers" (as defined by Mankiw) will shift demand upward by less than the amount of the tax, and equlibrium posted price will increase by the same amound as the tax.   True or False? 6. If Supply and Demand have the normal shapes (not perfectly elastic or inelastic), a "tax on sellers" (as defined by Mankiw) will shift demand upward by the amount of...
a. relatively elastic. b. relatively inelastic. c. unit elasticity. d. perfectly elastic. e. perfectly inelastic. 15....
a. relatively elastic. b. relatively inelastic. c. unit elasticity. d. perfectly elastic. e. perfectly inelastic. 15. Quantity demanded is completely unresponsive to price changes. 16. Price and total revenue vary in opposite directions. 17. The demand for a luxury good whose purchase would exhaust a significant portion of one's income. 18. Total revenue is unaffected as price changes. 19. A firm can sell more or less output at a constant price.
Explain why a single price monopolist will never produce in the inelastic range of its demand...
Explain why a single price monopolist will never produce in the inelastic range of its demand curve.
What is price elasticity of demand? What determines whether a product’s demand is elastic, inelastic, unitary...
What is price elasticity of demand? What determines whether a product’s demand is elastic, inelastic, unitary elastic, perfectly elastic and perfectly inelastic? What is mid-point formula to determine the elasticity of demand and why is it important to use it instead of the general formula for elasticity? Carefully explain.
2. Suppose supply is perfectly inelastic and demand is relatively elastic. Who bear all the tax...
2. Suppose supply is perfectly inelastic and demand is relatively elastic. Who bear all the tax burden, buyers or sellers? Explain in details. 3. Suppose demand for electricity is inelastic, but not perfectly. A sales tax is imposed, and the tax is levied on buyers. Draw a graph to show the effects of the tax. Indicate CS, PS, tax revenue and DWL after tax on your graph.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT