If Firms in a Perfectly Competitive Market Are Incurring an Economic

question 103

Multiple Choice

If firms in a perfectly competitive market are incurring an economic loss,some firms will exit.This exit shifts the market

• A)demand curve leftward,and the market price falls.
• B)demand curve rightward,and the market price rises.
• C)supply curve leftward,and the market price rises.
• D)supply curve rightward,and the market price falls.
• E)supply curve leftward and the market demand curve rightward.

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Definitions:

Alditol

A type of sugar alcohol resulting from the hydrogenation of an aldose, used in food as a low-calorie sweetener.

Anomers

Stereoisomers that differ in configuration only at the anomeric carbon in cyclic saccharides.

D-Glucopyranose

The cyclic form of glucose, a six-membered ring (pyranose) structure, where the hydroxyl group at carbon 1 is in the same orientation as the CH2OH moiety.

Stereochemistry

The study of the spatial arrangements of atoms in molecules and the impact of these arrangements on the physical and chemical properties of those molecules.