Assume that there is a single firm producing toilet paper and the firm specific demand curve is the same as the market demand curve. If a second firm that also produces toilet paper enters the market what will happen to the firm-specific demand curve of the original firm?
A: There is a movement up along the demand curve.
B: There is a movement down along the demand curve.
C: shifts to the right
D: shifts to the left
A: There is a movement up along the demand curve.
B: There is a movement down along the demand curve.
C: shifts to the right
D: shifts to the left
举一反三
- Assume there are only two airlines, Air China and Hainan Airlines, which fly directly from Beijing to Hainan. What would happen in the market demand for Air China if Hainan Airlines went out of business? A: The market demand curve would shift to the right. B: The market demand curve would shift to the left. C: There would be a movement to the right along the initial market demand curve. D: There would be a movement to the left along the initial market demand curve.
- An increase in the nominal interest rate (名义利率上升——中文由在线翻译而来，仅供参考) A: shifts the demand for money curve rightward.将货币需求向右移动。 B: shifts the demand for money curve leftward.将货币需求向左移动。 C: leads to an upward movement along the demand for money curve.导致货币需求曲线上升。 D: leads to a downward movement along the demand for money curve.导致货币需求曲线下滑。
- The perfectly competitive firm faces a demand curve that is ________ and ________:
- When a regulatory agency requires a monopolist to use average cost pricing, the intent is to price the product where the: A: AC curve intersects the MR curve. B: AC curve intersects the demand curve. C: MR curve intersects the demand curve.
- An increase in labor productivity shifts the A: labor demand curve rightward. B: labor demand curve leftward. C: labor supply curve rightward. D: labor supply curve leftward