This preview shows page 1. Sign up to view the full content.
Unformatted text preview: more flexible; structurally it gets flatter. It starts moving in the direction of DD DD1 DD2 and ultimately assumes the form of a horizontal straight line. Therefore there is no contradiction between the horizontal demand curve of a firm and the downward sloping demand curve of a market or industry....
View Full Document
This note was uploaded on 11/26/2011 for the course ECON MICRO ec 201 taught by Professor - during the Fall '10 term at Montgomery.
- Fall '10