Answer to Question #286113 in Economics for Ruidas

Question #286113

Show diagrammatically the impact on the firm's profit if in the short run demand or the product reduces

1
Expert's answer
2022-01-10T09:59:54-0500

The decrease in demand will decrease the equilibrium price and may decrease the firm's optimal output (monopolistically competitive industry or monopoly), so the profit will also decrease.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS