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A monopolist faces a demand curve which is
APerfectly elastic
BPerfectly inelastic
CHorizontal
DDownward sloping
Answer & Solution
Correct answer: D. Downward sloping
1. A monopolist is a price-maker for its entire market.
2. To sell more, it must lower price; to charge more, it must accept lower quantity.
3. Hence the demand curve facing a monopolist slopes downward to the right.
4. Perfectly elastic curves belong to perfectly competitive firms.
_Source: Maharashtra Balbharati Std XII OCM, Ch 4 "Marketing", §4.5 ¶§4.5_
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