Nenettecar9429 Nenettecar9429

25-12-2017
Business

contestada

What effect will firms enteringentering have on the market price? when firms enterenter,
a. market supply will increaseincrease, decreasingdecreasing price.
b. market demand will decreasedecrease, decreasingdecreasing price.
c. the average total cost of production will decreasedecrease, decreasingdecreasing price.
d. market supply will increaseincrease, increasingincreasing price.
e. the marginal cost of production will decreasedecrease, decreasingdecreasing price?

Respuesta :

JordanBthehelper JordanBthehelper

25-12-2017

Law of supply: increase in price, increase in supply

law of demand: demand increases, price increase

So the answer is d.

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