Horizontal curve is a curve viewed in the x and y plane, while a vertical curve is viewed in the y plane only, or viewed from the side. Think of it like a cake. the top is the horizontal and the front is the vertical
No it does not. Only Perfectly Competitive firms have a horizontal Marginal Cost curve, which is also there demand curve.
Horizontal
The world supply curve is considered perfectly elastic.
elasticity
Horizontal curve is a curve viewed in the x and y plane, while a vertical curve is viewed in the y plane only, or viewed from the side. Think of it like a cake. the top is the horizontal and the front is the vertical
No it does not. Only Perfectly Competitive firms have a horizontal Marginal Cost curve, which is also there demand curve.
Horizontal
The world supply curve is considered perfectly elastic.
elasticity
because mc=mb
Horizontal.
yes the demand curve is perfectly inelastic and horizontal
A perfectly inelastic demand curve will be completely horizontal and means that consumers would any price for a particular good, which is almost impossible. The closer to being horizontal a demand curve is, the more inelastic the demand.
As price (on the horizontal) increases, demand (on the vertical) will decrease.
A projectile makes a curved path known as a parabolic curve when launched horizontally or at an angle. This curve is a result of the combined effects of gravity and the horizontal velocity of the projectile.
The short-run aggregate supply curve is horizontal if the economy is operating below full capacity, meaning there are unused resources like labor and capital. This indicates that firms can increase production without raising prices, resulting in a flat supply curve.