If a firm in a monopolistically competitive market has a demand curve that is shifting to the right, it will stop shifting when:
A. the firm raises its price.
B. the firm lowers its price.
C. firms stop entering the market.
D. firms stop leaving the market.
D. firms stop leaving the market.
Economics
You might also like to view...
In the United States, a reason for the increase of the labor force participation rate for women is that
A) an increase in wealth allowed men to retire early. B) more women pursued a college education and received higher wages upon graduation. C) fewer women married. D) there has been a decrease in jobs with flexible hours. E) improved Social Security benefits are available for women if they work.
Economics
If a 5 percent increase in price results in a 3 percent increase in the quantity supplied, the elasticity of supply is
A) 0.30. B) 0.60. C) 1.20. D) 1.66.
Economics