Author Question: If new entry occurs in a perfectly competitive industry, the demand curve for each existing firm ... (Read 40 times)

Frost2351 · **on:** Jun 30, 2018

If new entry occurs in a perfectly competitive industry, the demand curve for each existing firm will:
a. shift up.
b. shift down.
c. shift right.
d. shift left.

Question 2

At each point on the line of income equality, the percentage of total population and the percentage of total income are equal.
a. True
b. False
Indicate whether the statement is true or false