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The Accompanying Graphs Are for a Purely Competitive Market in the Short

Question 128

Multiple Choice

The accompanying graphs are for a purely competitive market in the short run. The graphs suggest that in the long run, as automatic market adjustments occur, the demand curve facing the individual firm will A) shift up. B) shift down. C) not shift. D) slope downward. The accompanying graphs are for a purely competitive market in the short run. The graphs suggest that in the long run, as automatic market adjustments occur, the demand curve facing the individual firm will


A) shift up.
B) shift down.
C) not shift.
D) slope downward.

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