October 4, 2015

Homework Help: Microeconomics

Posted by Elizabeth on Sunday, April 24, 2011 at 9:05pm.

Search: Consider two resource markets in which the demand curves slope downward. In market A, the supply curve is horizontal, equilibrium price is $6, and 100 units of the resource are hired. In market B, the supply curve is vertical, equilibrium price is $20, and 30 units of the resource are hired. Which of the following is true?

Answer this Question

First Name:
School Subject:

Related Questions

More Related Questions