If the market demand curve in a perfectly competitive industry shifts right, the demand curve for each existing firm will:
a. shift up
b. shift down.
c. shift right.
d. shift left.
a
Economics
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Which of the following shifts the supply curve of rutabagas rightward? (A rutabaga is a potato-like vegetable.)
A) an increase in the price of a rutabaga B) an exceptionally cold summer that killed much of the rutabaga crop C) a fall in the price of fertilizer used to grow rutabagas D) Both answers A and C shift the supply curve of rutabagas rightward. E) Both answers A and B shift the supply curve of rutabagas rightward.
Economics
The concept of market conduct includes such things as ____
a. pricing behavior of the firm or group of firms b. product policy of the firm or group of firms c. the degree of seller and buyer concentration in the market d. a and b only e. a, b, and c
Economics