- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 1. The Firm and Market Structures
- Subject 6. Perfect Competition
CFA Practice Question
A price taker faces a demand curve that ______
B. is perfectly elastic.
C. is perfectly inelastic.
A. has an elasticity of zero.
B. is perfectly elastic.
C. is perfectly inelastic.
Correct Answer: B
User Contributed Comments 2
| User | Comment |
|---|---|
| Thescholar | The demand is perfectly elastic for the company but downward sloping for the market |
| dmfz | The market will get as much quantity as possible. |