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.

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