A consumer has 40 that he wants to spend. He is faced with four ...

[nevelica]

A consumer has 40 that he wants to spend. He is faced with four options: a camera that costs 60, a cell phone that costs 150, a book that costs 10, and a Bluetooth speaker that costs 45.
 
  Which of the following is a feasible option for the consumer? A) The book
  B) The camera
  C) The cell phone
  D) The Bluetooth speaker

Question 2

How does the exit of firms from a monopolistically competitive market affect the demand curves faced by the existing firms?
 
  What will be an ideal response?

[izzat]

Answer to Question 1

A

Answer to Question 2

The exit of firms from a monopolistically competitive market shifts the demand curves faced by the existing firms to the right and causes them to become steeper.

[nevelica]

YES! Correct, THANKS for helping me on my review

[kjohnson]

Thanks for the timely response, appreciate it