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Refer to Figure 23

Question 148

Multiple Choice

Refer to Figure 23.4 for a perfectly competitive market and firm. Which of the following is likely to occur in the market in the long run, ceteris paribus? A) An increase in demand. B) A decrease in demand. C) An increase in supply. D) A decrease in supply. Refer to Figure 23.4 for a perfectly competitive market and firm. Which of the following is likely to occur in the market in the long run, ceteris paribus?


A) An increase in demand.
B) A decrease in demand.
C) An increase in supply.
D) A decrease in supply.

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