In a perfectly competitive market, if one seller chooses to charge a price for its good that is slightly higher than the market price, then it will _________.
A. lose all or almost all of its customers.
B. see no change in its number of customers.
C. see a small decrease in its numbers of customers.
D. All of the above are equally likely.
B. see no change in its number of customers.
Economics
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A increase in quantity demanded as a result of a change in price
A) is a rightward shift of the demand curve. B) is a leftward shift of the demand curve. C) leaves the demand curve unchanged. D) is not possible.
Economics