No Supply Curve in a Monopolistic Market

Description

In a monopolistic market there are instances where changes in demand curves do not produce a change in both price and quantity and Change the variables in this Demonstration to see that with a change in demand curve a monopolist can either produce the same quantity but charge a different price or charge the same price but produce at a different quantity Therefore there is no onetoone relationship between quantity and price—a monopolistic market has no supply curve You can mouse over a curve to identify it

7 Tags

Subject

Language

Education Levels

Resource Type

End User

Access Rights

0 Learning Standards

This Resource has not been aligned to any learning standards.

3 Keywords

finance business education economics
#finance #businesseducation #economics

0 More Like This

0
0
0
0
0
0
0

Comments

Login to comment!

There are no comments on this Resource yet.

Libraries

Login to add this Resource to your Library!
Learn more about IOER Libraries

Ratings

Login to evaluate this Resource!
Learn more about IOER Rubrics and Resource Evaluation

This Resource has not been evaluated yet.

Tools

Login to access IOER Resource Tools!
Learn more about IOER Tools

Report an Issue

Please login to report an issue.