In the Long Run, What Happens to the Demand Curve

question 88

Multiple Choice

In the long run, what happens to the demand curve facing a monopolistically competitive firm that is earning short-run profits?

• A)The demand curve will shift to the left and became more elastic.
• B)The demand curve will shift to the left and became less elastic.
• C)The demand curve will shift to the right and became more elastic.
• D)The demand curve will shift to the right and became less elastic.

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Definitions:

Meiosis II

The second division in meiosis, a process of cell division that reduces the chromosome number by half, resulting in the production of four genetically distinct gametes.

Meiosis I

The first division in the two-stage process of meiosis that reduces the chromosome number by half, resulting in four haploid cells.

Haploid Gamete

A sex cell (sperm or egg) that contains a single set of chromosomes, ensuring that upon fertilization, the resulting offspring will have the correct number of chromosomes.

Spermatogenesis

The process of sperm production in the male reproductive organs, specifically in the testes.