2013
Economics
POST UTME
For a perfectly competitive market, the shape of the --------- is horizontal while the ----------- is downward slopping
A.
industry’s demand curve/industry’s supply curve
B.
firm’s supply curve/industry’s demand curve
C.
firm’s demand curve/industry’s demand curve
D.
industry’s demand curve/firm’s demand curve
Correct Answer: firm’s demand curve/industry’s demand curve
Explanation
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