If demand increases in a perfectly competitive market,
A) the market price will fall
B) firms already in the market will supply more output
C) new firms will enter the market
D) the short-run market supply curve will shift to the right
E) each firm's marginal cost curve will shift to the right
Correct Answer:
Verified
Q132: The short-run market supply curve in a
Q133: Perfectly competitive firms can earn an economic
Q134: In the short run in a perfectly
Q135: If demand increases in a perfectly competitive
Q136: In the short run in perfect competition,
A)each
Q138: In a perfectly competitive market equilibrium,
A)each firm's
Q139: In the short run,the perfectly competitive market
Q140: In short-run equilibrium in perfect competition,
A)each firm's
Q141: The entry of new firms into a
Q142: A perfectly competitive firm is operating where
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents