Economics
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Boundless Economics
Monopolistic Competition
Monopolistic Competition
Economics Textbooks Boundless Economics Monopolistic Competition Monopolistic Competition
Economics Textbooks Boundless Economics Monopolistic Competition
Economics Textbooks Boundless Economics
Economics Textbooks
Economics
Concept Version 8
Created by Boundless

Demand Curve

Monopolistic Competition

Monopolistic Competition

As you can see from this chart, the demand curve (marked in red) slopes downward, signifying elastic demand.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Monopoly-surpluses."
    http://commons.wikimedia.org/wiki/File:Monopoly-surpluses.svg Wikimedia GNU FDL.

Related Terms

  • market power
  • elastic
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