Supposing a firm is a price taker, the demand for that firm’s product is a. flat line at the market price b. an upward sloping line with the market price as the slope c. a downward sloping line with the negative of the market price as its slope. d. parabolic

• a. flat line at the market price
Explanation:
A firm that is price taker operates in perfect competitive market structure because it has no influence on market price. The demand curve for such as a firm is usually a flat line or horizontal line that is equal to the equilibrium price of the entire market. Such a firm faces an infinitely elastic demand for its product, such that an increase in price above the market price, may see the demand go down to zero.