The perfectly competitive firm\'s demand curve for a resourceslopes downward bec

Question

The perfectly competitive firm's demand curve for a resourceslopes downward because a. the demand curve for the final product slopesdownward b. firms are willing to use more of a resource at ahigher price. c. firms will substitue away from a resource if itsprice increases. d. there are fewer resources available at lowerprices. e. there a diseconomies of scale. The perfectly competitive firm's demand curve for a resourceslopes downward because a. the demand curve for the final product slopesdownward b. firms are willing to use more of a resource at ahigher price. c. firms will substitue away from a resource if itsprice increases. d. there are fewer resources available at lowerprices. e. there a diseconomies of scale.

Explanation / Answer

a.  the demand curve for the final product slopes downward

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