If There Is an Increase in Market Demand in a Perfectly

question 66

Multiple Choice

If there is an increase in market demand in a perfectly competitive market,then in the short run

• A)there will be no change in the demand curves faced by individual firms in the market
• B)the demand curves for firms will shift downward
• C)the demand curves for firms will become more elastic
• D)market supply will fall
• E)profits will rise

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An individual's vested concern or stake in a particular issue, activity, or investment that could influence their decisions.

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Income earned by the owners of unincorporated businesses, reflecting their compensation for services provided.

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