If the Demand Increases in a Perfectly Competitive Market,what Will

question 50

Multiple Choice

If the demand increases in a perfectly competitive market,what will likely occur?

• A) Firms will temporarily make a profit due to a higher price.
• B) Firms will enter the market in hopes of capturing some profits.
• C) The short-run supply curve will shift to the right, causing price to eventually fall.
• D) All of these are true.

---

Definitions:

Premature Infants

Babies born before completing the usual 37 weeks of gestation, often requiring specialized care due to underdeveloped organs.

Sepsis

A dangerous health situation resulting from the body's reaction to an infection that may result in tissue harm, failure of organs, and possibly lead to death.

Staphylococcus Aureus

A type of bacteria that can cause skin infections, pneumonia, food poisoning, and other conditions.

Correct Code

In medical billing, the accurate numerical or alphanumerical representation of a diagnosis, treatment, or procedure.