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:

Memory

The ability of an organism to store, retain, and subsequently retrieve information.

English Word

A unit of language that is used to express something meaningful, composed of letters and used in the composition of sentences in the English language.

French Equivalent

Refers to a term, phrase, or expression in the French language that has the same meaning as a corresponding term in another language.

Memory

The cognitive process that involves encoding, storing, and retrieving information, enabling learning and adaptation from past experiences.