If demand increases in a perfectly competitive market,
a. the market price will fall
b. firms already in the market will supply more output
c. new firms will enter the market
d. the short-run market supply curve will shift to the right
e. each firm's marginal cost curve will shift to the right
B
Economics
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The aggregate supply curve is vertical at the level of real GDP that corresponds to the natural rate of unemployment
a. True b. False Indicate whether the statement is true or false
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