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The demand curve in a purely competitive industry is ______, while the demand curve to a single firm in that industry is ______.

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abiolataiwo2015

The demand curve in a purely competitive industry is down sloping , while the demand curve to a single firm in that industry is perfectly elastic.

What is demand curve?

Demand curve can be defined as a graph that help to show the price of product as well as demand quantity.

In a situation where the demand curve is down sloping this means that a manufacturer intend to go for the price of goods and service and the quantity demanded in order to  increase profit .

Inconclusion the demand curve in a purely competitive industry is down sloping.

Learn more about demand curve here:https://brainly.com/question/516635

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