All Else Being Constant, When Firms Leave a Competitive Market

question 62

Multiple Choice

All else being constant, when firms leave a competitive market, then

• A)market supply decreases and market price rises.
• B)both market demand and market supply decrease.
• C)market supply decreases and market price falls.
• D)market demand decreases and market price falls.
• E)market demand increases and market price rises.

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Definitions:

Proxemics

The study of how human beings use and perceive the physical space around them, particularly in relation to personal space and territory.

Nonverbal Behavior

Actions or expressions that convey messages without the use of spoken words, including gestures, facial expressions, and body language.

Microexpressions

Involuntary facial expressions that occur momentarily and reveal a person's true emotions, even if they are trying to conceal them.

Gymnasts

Athletes who perform exercises requiring strength, flexibility, balance, and coordination, particularly on apparatus such as bars, beam, or mats.