Under which market form, demand curve ofa firm is perfectly elastic ? – InterviewSolution

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1.	Under which market form, demand curve ofa firm is perfectly elastic ?
Answer» <p>The demand curve for a firm in a perfectly competitive market varies significantly from that of the entire market.The market demand curve slopes downward, while the perfectly competitive firm’s demand curve is a horizontal line equal to the equilibrium price of the entire market. The horizontal demand curve indicates that the elasticity of demand for the good is perfectly elastic. This means that if any individual firm charged a price slightly above market price, it would not sell any products.</p>

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