When a firm exits a competitive price-searcher market, the individual demand curves faced by all remaining firms in that market will
a. shift in a direction that is unpredictable without further information.
b. shift to the right.
c. shift to the left.
d. remain unchanged. It is the supply curve that will shift.
B
Economics
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a. 3.3 percent b. 2.5 percent c. 10.0 percent d. 5.0 percent e. 1.0 percent
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A given income-expenditure diagram always assumes a variable price level
a. True b. False Indicate whether the statement is true or false
Economics