If There Is an Increase in Market Demand in a Perfectly

question 210

Multiple Choice

If there is an increase in market demand in a perfectly competitive market, then in the short run

• A)there will be no change in the demand curves faced by individual firms in the market.
• B)the demand curves for firms will shift downward.
• C)the demand curves for firms will become more elastic.
• D)profits will rise.

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Definitions:

Program Action

Refers to any operation or set of operations carried out by a program or software in the course of its execution.

Indexed Variable

A variable in an array or list that is accessed via its index, representing its position within the sequence.

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A situation where sensitive information is disclosed unintentionally or without authorization.

Accessor Method

In object-oriented programming, a method that is used to read data fields of an object without altering them.