-Refer to Figure 12

question 8

Multiple Choice

-Refer to Figure 12.5.Section of the demand curve assumes that competing firms will:

• A)lower their price in response to this firm's price reduction.
• B)increase their price in response to this firm's price reduction.
• C)not change their price in response to this firm's price reduction.
• D)raise their price in response to this firm's price increase.

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