A permanent decrease in demand for convenience store services is ...

[jilianpiloj]

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

[ambernicolefink]

Answer to Question 1

C

Answer to Question 2

A

[jilianpiloj]

Excellent

[AngeliqueG]

Thanks for the timely response, appreciate it