| 11. | A MC firm s demand curve is not flat but is downward sloping.
|
| 12. | "Our capacity has fallen behind the demand curve, " he said.
|
| 13. | Market or aggregate demand is the summation of individual demand curves.
|
| 14. | This change is reflected in a movement along the demand curve.
|
| 15. | The diagram below shows the demand curve for good Y as its price varies.
|
| 16. | Note the assumptions do not guarantee that the demand curve will be negatively sloped.
|
| 17. | The implications of this fact are best made manifest with a linear demand curve.
|
| 18. | "Kinked " demand curves are similar to traditional demand curves, as they are downward-sloping.
|
| 19. | "Kinked " demand curves are similar to traditional demand curves, as they are downward-sloping.
|
| 20. | Market power also means that an MC firm faces a downward sloping demand curve.
|
