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What is the difference between horizontal curve and vertical curve vertical curve?

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


Does monopolistically competitive firms have horizontal marginal cost curve?

No it does not. Only Perfectly Competitive firms have a horizontal Marginal Cost curve, which is also there demand curve.


Why demand curve is horizontally curved?

Horizontal


Why is world supply curve horizontal?

The world supply curve is considered perfectly elastic.


Why The horizontal axis of a demand curve displays?

elasticity


Why is marginal cost curve horizontal?

because mc=mb


In which range of the aggregate supply curve is the price level constant?

Horizontal.


The labor demand curve of a purely competitive seller perfectly elastic?

yes the demand curve is perfectly inelastic and horizontal


Draw a demand curve illustrating price inelastic demand and explain how the curve relates to the definition of price elasticity of demand?

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.


What does the demand curve state?

As price (on the horizontal) increases, demand (on the vertical) will decrease.


What kind of curve does a projectile make?

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.


Why is the short-run aggregate supply curve horizontal if?

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.