Exhibit 9-2 -Refer to Exhibit 9-2. If the demand curve shifts from D₁ to D₂, then A)some firms enter the industry. B)some firms exit the industry. C)the number of firms does not change. D)firms earn a normal profit. E)most firms earn a loss.

Question

Quizplus · Accepted Answer

When the demand curve shifts from D1 to D2, it typically indicates an increase in demand. This can lead to higher prices and profits, attracting new firms to enter the industry.

Exhibit 9-2 -Refer to Exhibit 9-2. If the Demand Curve Shifts from Curve