Consider a competitive market with a large number of identical firms. the firms in this market do not use any resources that are available only in limited quantities. in this market, an increase in demand will:A. increase price in the short run but not in the long run. B. increase price in the long run but not in the short run. C. increase price both in the short and the long run. D. not affect price in either the short or the long run.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Consider a competitive market with a large number of identical firms. the firms in this market do not use any resources that are available ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which transaction increases stockholders' equity? A. payment of operating expenses B. expenses greater than revenues for the period C. dividends that are declared and paid D. sale of common stoc
Answers (1)
Jarvey Corporation is studying a project that would have a ten-year life and would require a $450,000 investment in equipment which has no salvage value.
Answers (1)
In its first three years of operations Carlos Productions, a musical production company, reported the following operating income (loss) amounts: 2019 $ 450,000 2020 (1,000,000) 2021 1,800,000 There were no other deferred income tax amounts in any
Answers (1)
Anastasia was trying to decide which investment plan would be best over 10 years. Bank A was offering 8.5% simple interest on her money using the formula. Bank B was offering 8% compounded annually using the formula.
Answers (1)
James smith makes 65,000 per year as an editor for a publisher. He was notified of a 1.5% raise in a year in which the CPI increased by 4%. find the gain or loss in his purchasing power. showwork
Answers (1)
New Questions in Business
You purchased 600 shares of SLG, Inc. stock at a price of $41.20 a share. You then purchased put options on your shares with a strike price of $45.00 and an option premium of $1.10. At expiration, the stock was selling for $48.30 a share.
Answers (1)
Which of the following statement is true? a. The demand for puma shoes is more elastic than the demand for shoes b. The demand for Cheerios is less elastic than the demand for cereal c. Products with many complements have a more elastic demand d.
Answers (1)
What is the par value for an ingredient?
Answers (1)
What is the second rule of risk management
Answers (2)
A typical high-income household in 1980 earned $125,556. a similar household in 2009 earned $180,001. what was the relative increase in income for these households from 1980 to 2009? round to the nearest one percent. incorrect%
Answers (1)