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Trunks Posted 16 years ago
Vocabulary
Clarification of word "clarification"?
Consider this paragraph:
The market demand curve in Exhibit 1.2 is downward sloping, positing an inverse relationship between price and quantity demanded, ceteris paribus. The single perfectly competitive firm's demand curve does not contradict this relationship; it simply represents the pricing situation in which the single perfectly competitive firm finds itself.
Can you explain what "contradict" means in this sentence?
The market demand curve in Exhibit 1.2 is downward sloping, positing an inverse relationship between price and quantity demanded, ceteris paribus. The single perfectly competitive firm's demand curve does not contradict this relationship; it simply represents the pricing situation in which the single perfectly competitive firm finds itself.
Can you explain what "contradict" means in this sentence?
Top answer
Do you believe it has a non-standard meaning here then? )
- Do you believe it has a non-standard meaning here then?
- )
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2 Answers
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Do you believe it has a non-standard meaning here then? To me it looks to just have its ordinary dictionary meaning (which, since you are tackling text of this complexity, I assume you understand!)
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Why are you asking about the word "clarification" in your header? That word doesn't even occur in the text you quoted.
CJ
CJ
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