Suppose a perfectly competitive firm and industry is in long-run equilibrium.A rightward shift of the market demand curve is likely to _____
A) shift the demand curve facing the firm downward and increase the quantity supplied in the market.
B) shift the demand curve facing the firm upward and not cause any change in the quantity supplied in the market.
C) shift the demand curve facing the firm downward and decrease the quantity supplied in the market.
D) shift the demand curve facing the firm upward and increase quantity supplied in the market.
E) shift the demand curve facing the firm downward and not cause any change in the quantity supplied in the market.
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