Holding All Else Constant, an Increase in the Market Demand

question 105

Multiple Choice

Holding all else constant, an increase in the market demand for a product in a competitive market would cause:

• A) the average total cost (ATC) curve of the firms to increase.
• B) a decrease in the price a firm could charge for the product.
• C) the marginal revenue (MR) curve of the firms to increase.
• D) the marginal cost (MC) curve of the firms to increase.
• E) a decrease in profits for the firm.

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Definitions:

Androgyny

The coexistence of both masculine and feminine personality traits in a single person.

Bisexualism

The romantic or sexual attraction towards both males and females.

Androcentrism

The belief that the male is the norm.

Androgynous

Androgynous refers to the combination of masculine and feminine characteristics into an ambiguous form, which can relate to gender expression, fashion, or physical traits.