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Suppose the Market for Hot Pretzels in New York City

Question 22

Multiple Choice

Suppose the market for hot pretzels in New York City is perfectly competitive.What is true of demand in this market?


A) The demand curve facing each seller is perfectly elastic.
B) The demand curve facing each seller is perfectly inelastic.
C) The market demand curve is perfectly elastic.
D) The market demand curve is perfectly inelastic.
E) The market demand curve is elastic.

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