Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
A small nation has three gasoline suppliers with a linear monthly market demand equal to: Q = 500,000 minus 5P.
A small nation has three gasoline suppliers with a linear monthly market demand equal to: Q = 500,000
minus 5P.
Each firm's marginal cost
(MC)
and average total cost
(ATC)
curves are horizontal at $10,000 per month.
Refer to the information above. What is slope of the demand curve?
A.
5
B.
-0.20
C.
0.20
D.
-5
