In simple words, price searchers is a seller who is able to control the the price of the product in the market and has downward sloping demand curve
Because he has sufficient power to set the price by adjusting the supply in the market .
example can be Monopoly with single seller who is the price searcher .
Horizontal demand curve is the demand curve in the perfect competition market where there are arge number of sellers and buyers in the market. location and wage has nothing to do with the searcher.
Answer is option A
A price searcher Select one: O a. is a seller that has the ability to control...
Question 5 A price searcher Not yet answered Points out of 1.00 Select one: O a. is a seller that has the ability to control to some degree the price of the product itsells. b. faces a horizontal demand curve. P Flag question c. is a seller that searches for the best location to sell its product. . is a seller that searches for good employees and pays them a low wage. o d Previous page Next MacBook Air
A seller that has the ability to some degree) to control the price of the product itsells is called a price Select one: O a. breaker O b. searcher c.taker O d. twister page MacBook Air
Question 6 A seller that has the ability (to some degree) to control the price of the product it sells is called a price Not yet answered Points out of 1.00 P Flag question Select one: a. breaker O b. searcher o c. taker. O d. twister. Previous page MacBook Air
A single-price monopolist red out of Select one: a. finds that its marginal revenue and price are the same for the first unit of the good itsells. O b. must lower price on all previous units to sell an additional unit of output c. is a price scarcher o d necessarily faces a perfectly inelastic demand curve. ution Previous page Next page MacBook Air
A "price taker" is a firm that Select one: a. does not have the ability to control the price of the product it sells. b. can raise the price of the product (above the market price) and still sell some units of its product. C. sells a differentiated product. d does have the ability, although limited, to control the price of the product it sells. O Next page
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