Which of the following is an outcome of advertising for a monopolistically competitive firm?
a. Long-run average costs shift upward.
b. The firm's demand curve keeps the same slope and shifts inward.
c. Long-run average costs shift downward.
d. The firm's demand curve becomes flatter and shifts inward.
a
You might also like to view...
If the price of gasoline increases, what will be the impact in the market for public transportation?
A) The quantity of public transportation demanded decreases. B) The quantity of public transportation demanded increases. C) The demand curve for public transportation shifts to the right. D) The demand curve for public transportation shifts to the left.
If the price of peaches, a substitute for plums, increases the demand for plums will decrease
Indicate whether the statement is true or false
If the Fed injects reserves into the banking system and they are held as excess reserves, then the money supply
A) increases by only the initial increase in reserves. B) increases by only one-half the initial increase in reserves. C) increases by a multiple of the initial increase in reserves. D) does not change.
Most development economists agree that the most basic and important task of any government is to:
A. create a stable political system. B. provide national health care system. C. maintain a stable currency. D. ensure basic education for all citizens.