Figure 7-A
-Refer to Figure 7-A.Graphs A and B together demonstrate the effect that a change in market demand has on the demand curve faced by a firm that is:

Question

Figure 7-A 
-Refer to Figure 7-A.Graphs A and B together demonstrate the effect that a change in market demand has on the demand curve faced by a firm that is:

Quizplus · Accepted Answer

Graphs A and B show the shift in the market demand curve, which affects the individual firm's demand curve. This is the case for a firm that produces a homogeneous product, is very small relative to the market output, and is a price taker. Therefore, the correct choice is D - all of the above.

Figure 7-A -Refer to Figure 7-A.Graphs a and B Together Demonstrate the Together