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:

Environmental Conditions

The various physical, chemical, and biological factors that surround and affect the life and development of an organism or community.

Aluminum Solubility

A measure of how much aluminum can be dissolved in a particular medium or solution, often influenced by the pH level.

Genetically Identical

Organisms that have exactly the same DNA sequence in their genomes.

Alkaline Soils

Soils with a pH value above 7, often rich in carbonate minerals, which can impact nutrient availability and plant growth.