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Use the following to answer questions :
Figure: The Restaurant Market Use the following to answer questions : Figure: The Restaurant Market   -The model of monopolistic competition characterizes a city's market for plumbing services.Suppose that the market is initially in long-run equilibrium,and then overall demand for plumbing services increases.In the short run,the price for plumbing services will _____ and the total output in the market will _____. A)  fall;fall B)  not change;not change C)  rise;rise D)  rise;fall
-The model of monopolistic competition characterizes a city's market for plumbing services.Suppose that the market is initially in long-run equilibrium,and then overall demand for plumbing services increases.In the short run,the price for plumbing services will _____ and the total output in the market will _____.


Definitions:

Diffusion of Innovation

A theory that explains how, why, and at what rate new ideas and technology spread through cultures.

Daily Specials

Unique or discounted items or services offered on a particular day, often used by restaurants or retailers to attract more customers or promote certain products.

Innovators

Those buyers who want to be the first to have the new product or service.

Mammography Equipment

A specialized form of imaging equipment used to examine the breast tissue for signs of cancer or other abnormalities.

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