Author Question: A market in which there are many sellers who all sell an identical product is called A) perfect ... (Read 95 times)

formula1 · **on:** Jun 29, 2018

A market in which there are many sellers who all sell an identical product is called

A) perfect competition.
B) monopolistic competition.
C) monopoly.
D) oligopoly.

Question 2

An increase in demand is graphically represented as a

A) rightward shift of the demand curve.
B) leftward shift of the demand curve.
C) movement down and to the right on a demand curve.
D) movement up and to the left on a demand curve.