Author Question: A permanent decrease in demand for convenience store services is likely to cause which of the ... (Read 43 times)

jilianpiloj · **on:** Jun 30, 2018

A permanent decrease in demand for convenience store services is likely to cause which of the following in the long run?
a. an economic loss for each firm
b. a higher price for each firm's output
c. fewer firms in the industry
d. more firms in the industry
e. economic profit for each firm

Question 2

If a voter expects to have little effect on government choices, that voter's behavior will reflect
a. rational ignorance
b. a cyclical majority
c. rent seeking
d. vote trading
e. a zero-sum game