-8. Amonopoly is a market with one a. seller, and that seller is a price taker b

Question

-8. Amonopoly is a market with one a. seller, and that seller is a price taker b seller, and that seller sets the price c. buyer, and that buyer is a price taker d. buyer, and that buyer sets the price 9. The quantity demanded of a good is the amount thst buyers are a. willing to purchase b willing and able to purchase c. willing, able, and need to purchase d. able to purchase 10. A movement upward and to the ketalong a demand curve is caled a curve is called a(n) a increase in demand b decrease in demand c decrease in quantity demanded d increase in quantity demanded Figure 4-1

Explanation / Answer

a) "B"

Monopoly has only one seller and that seller sets the price.

b) "A"

They are willing to purchase.

c) "C"

It is called a decrease in quantity demanded.

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