Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Get quick and reliable solutions to your questions from a community of seasoned experts on our user-friendly platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.
Sagot :
A firm facing a downward-sloping demand curve sells 50 units of output at $10 each. The firm's average revenue is $10.
Whenever the rate of a commodity decreases, new buyers enter the marketplace and start buying it. That is because they had been not able to buy it when the costs have been excessive however now they can afford it. as a result, as the price falls, the demand rises and the call for curve will become downward sloping.
Consider that a downward sloping aggregate demand curve way that because the price degree drops, the quantity of output demanded increases. Further, as the rate stage drops, the country-wide income increases.
Learn more about demand curve here: https://brainly.com/question/16790743
#SPJ4
We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.
