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If an individual seller tries to increase the price of their product in a perfectly competitive system then: a. other sellers will increase their prices. c. the seller will increase their
profit. b. the individual will not be able to sell any of their product. d. none of the above
If an individual seller tries to increase the price of their product in a perfectly competitive system then the individual will not be able to sell any of their product. [ The answer is letter B. ]
Expert answered|tribal18|Points 0|
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Asked 9/18/2013 6:34:23 AM
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A change in the number of consumers can cause a. the service demand curve to shift. c. the market demand curve to shift. b. a substitution effect. d. prices to fall.
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Updated 90 days ago|4/24/2016 8:46:20 AM
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A change in the number of consumers can cause: the market demand curve to shift.
Added 91 days ago|4/24/2016 7:56:18 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by jeifunk [4/24/2016 8:46:23 AM]
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