The accompanying graphs are for a purely competitive market in the short run. The graphs suggest that in the long run, as automatic market adjustments occur, the demand curve facing the individual firm will
A)shift up.
B)shift down.
C)not shift.
D)slope downward.

Question

The accompanying graphs are for a purely competitive market in the short run. The graphs suggest that in the long run, as automatic market adjustments occur, the demand curve facing the individual firm will
A)shift up. 
B)shift down. 
C)not shift. 
D)slope downward.

Quizplus · Accepted Answer

The Answer of  The accompanying graphs are for a purely competitive market in the short run. The graphs suggest that in the long run, as automatic market adjustments occur, the demand curve facing the individual firm will
A)shift up. 
B)shift down. 
C)not shift. 
D)slope downward.

The Accompanying Graphs Are for a Purely Competitive Market in the Short