Graph A shows the market demand and supply in a perfectly competitive market.Graph B shows the cost curves of a representative profit-maximizing firm in that industry.

-Refer to the above graph to answer this question.Suppose that the industry demand were to increase by 3,000 units.At the new equilibrium,what quantity will the firm produce?

Question

Graph A shows the market demand and supply in a perfectly competitive market.Graph B shows the cost curves of a representative profit-maximizing firm in that industry.
 
-Refer to the above graph to answer this question.Suppose that the industry demand were to increase by 3,000 units.At the new equilibrium,what quantity will the firm produce?

Quizplus · Accepted Answer

The Answer of Graph A shows the market demand and supply in a perfectly competitive market.Graph B shows the cost curves of a representative profit-maximizing firm in that industry.
 
-Refer to the above graph to answer this question.Suppose that the industry demand were to increase by 3,000 units.At the new equilibrium,what quantity will the firm produce?

Graph a Shows the Market Demand and Supply in a Perfectly