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The marginal revenue curve faced by a perfectly competitive firm a. lies below the firm’s demand curve b. is downward sloping, because price must be…
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fference between a change in demand and a change in quantity demanded? Or the difference between a change in supply and a change in quantity supplied?…

  1. What is the difference between a change in demand and a change in quantity demanded? Or the difference between a change in supply and a change in quantity supplied?
  2. What Determinants can cause a change in demand and what Determinants can cause a change in supply?
  3. Can you give any current examples of a determinant of demand that you see changing in any industry or marketplace or a determinant of supply that you see changing? What effects do you see?

 

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