The Accompanying Graphs Are for a Purely Competitive Market in the Short

question 230

Multiple Choice

The accompanying graphs are for a purely competitive market in the short run. The graphs suggest that in the long run, assuming no changes in the given information, the market

• A)supply curve will shift to the left.
• B)supply curve will shift to the right.
• C)demand curve will shift to the left.
• D)demand curve will shift to the right.

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Definitions:

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The condition of one's mind or emotions, impacting behavior and decision-making.

Wrongful Nature

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A type of serious white-collar crime that can involve deceiving investors or manipulating financial markets.