Holding All Else Constant,an Increase in the Market Demand for a Product

question 152

Multiple Choice

Holding all else constant,an increase in the market demand for a product in a competitive market would cause:

• A) the average total cost (ATC) curve of the firms to increase.
• B) a decrease in the price a firm could charge for the product.
• C) the marginal revenue (MR) curve of the firms to shift upward/rightward.
• D) the marginal cost (MC) curve of the firms to increase.
• E) a decrease in profits for the firm.

---

Definitions:

Dissociative Identity Disorder

A disorder characterized by the presence of two or more distinct personality states that control an individual's behavior at different times.

Reported Cases

The instances of a particular event or condition that have been documented or officially recorded.

Schizotypal Personality Disorder

A mental disorder characterized by severe social anxiety, thought disorder, paranoid ideation, derealization, transient psychosis, and unconventional beliefs.

Odd Behaviors

Actions or deeds that deviate from what is considered normal or expected by societal standards.