With Identical Firms,constant Input Prices,and All the Other Characteristics of a Competitive

question 76

Multiple Choice

With identical firms,constant input prices,and all the other characteristics of a competitive market

• A) a shift in demand has no effect on the long-run average cost and so there is no change in equilibrium price and quantity.
• B) a shift in demand will change the equilibrium price and quantity.
• C) a shift in demand has no effect on the long-run average cost, resulting in change in equilibrium quantity but not price.
• D) a shift in demand has no effect on the long-run average cost, resulting in change in equilibrium price but not quantity.

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A health recommendation aimed at preventing smoking-related diseases by advocating for the cessation of tobacco use.

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