The industry demand curve in perfect competition is:
A) vertical.
B) horizontal.
C) downward sloping to the right.
D) upward sloping to the right.

Name: The industry demand curve in perfect competition is: A) vertical. B) horizontal. C) downward sloping to the right. D) upward sloping to the right.
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Question

Quizplus · Accepted Answer

In perfect competition, the industry demand curve is downward sloping to the right because it reflects the law of demand, where a lower price leads to a higher quantity demanded.

The Industry Demand Curve in Perfect Competition Is