A firm in monopolistic competition advertised its product. The impact of advertising will be shift of .

supply to the right

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demand to the left

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demand to the right

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supply to the left

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Solution

The correct option is C demand to the right
Advertising will affect consumer's tastes and preferences, and is expected to change these favoruably. Hence, the demand curve will shift to te right.

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A firm in monopolistic competition advertised its product. What will be the impact of the advertisement?

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