In the Short Run, an Increase in Demand for a Good

question 25

Multiple Choice

In the short run, an increase in demand for a good that is sold in a perfectly competitive market

• A) increases the number of firms in the market.
• B) increases the economic profits of existing firms in the market.
• C) has no effect on the price.
• D) causes more firms to shut down.

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Definitions:

Fetishistic Disorder

A sexual disorder involving the use of non-living objects or a specific focus on non-genital body parts for sexual arousal.

Significant Distress

A state of emotional suffering typically associated with mental health disorders.

Hard Objects

Solid, inflexible items that can represent physical obstacles or be used in various contexts including construction, art, or daily life.

Pedophilic Disorder

A psychiatric condition characterized by an adult's sexual attraction to prepubescent children, which is acted upon or causes distress or impairment.