Multiple Choice
-The figure above shows Bill's Hotdogs, a monopolistically competitive firm. If other firms enter the market and have hot dogs that are very close substitutes for Bill's Hotdogs, then the demand curve for Bill's Hotdogs will
A) shift leftward and become more elastic.
B) shift rightward and become more elastic.
C) shift rightward and be parallel to the original demand curve.
D) shift leftward and be parallel to the original demand curve.
Correct Answer:
Verified
Related Questions
