Join IDNLearn.com and start getting the answers you've been searching for. Ask anything and receive comprehensive, well-informed responses from our dedicated team of experts.

The demand schedule or curve confronted by the individual, purely competitive firm is ________________.
A. relatively elastic, that is, the elasticity coefficient is greater than unity
B. perfectly elastic
C. relatively inelastic, that is, the elasticity coefficient is less than unity
D.perfectly inelastic