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Author Question: If the market demand curve in a perfectly competitive industry shifts left, the demand curve for ... (Read 159 times)

tiffannnnyyyyyy

  • Hero Member
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  • Posts: 512
on: Jun 30, 2018
If the market demand curve in a perfectly competitive industry shifts left, the demand curve for each existing firm will:
 a. shift up.
 b. shift down.
  c. shift right.
 d. shift left.

Question 2

The farther the Lorenz curve from the line of perfect equality, the lower is the income inequality.
 a. True
  b. False
  Indicate whether the statement is true or false


dmurph1496

  • Sr. Member
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  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


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