A competitive market is in long-run equilibrium. If demand decreases, we can be certain that price will

Assume a competitive market is in equilibrium.

A、 rises; increases
B、 rises; does not change
C、 falls; does not change
D、 falls; decreases

When an individual firm in a competitive market decreases its production, it is likely that the market

If the demand curve in a market is stationary, consumer surplus decreases when the price in that market

A market structure where the competitive firm decreases its price as compared to the dominant firm will

A、 an increase in the demand of the competitive firm in the short run.
B、 a decrease in the market share of the dominant firm in the long run.
C、 both A) and B).