• 2022-05-28
    Assume that there is a single firm producing toilet paper and the firm specific demand curve is the same as the market demand curve. If a second firm that also produces toilet paper enters the market what will happen to the firm-specific demand curve of the original firm?
    A: There is a movement up along the demand curve.
    B: There is a movement down along the demand curve.
    C: shifts to the right
    D: shifts to the left
  • D

    内容

    • 0

      In a monopoly, the market demand curve is:

    • 1

      Consider a market with a downward sloping demand curve and an upward sloping supply curve. A $50 tax levied on the producer of the good will cause the market price to:

    • 2

      If interest rates are expected to rise in the future, the demand for long-term bonds _____ and the demand curve shifts to the _____.

    • 3

      A sudden crash in the stock market shifts A: the aggregate-demand curve. B: the short-run aggregate-supply curve, but not the long-run aggregate-supply curve. C: the long-run aggregate-supply curve, but not the short-run aggregate-supply curve. D: both the short-run and the long-run aggregatesupply curves.

    • 4

      Monopoly maximizes its profit mainly rely on its ___. A: demand curve B: cost curve C: supply curve D: demand curve and cost curve