Jane is one of 10 chiropractors in her city. Demand for chiropractic services is low enough that all chiropractors in the city are suffering losses. After three chiropractors close their practices, which of the following changes does Jane's practice not experience?

A. Its demand curve shifts to the right.
B. It loses market power.
C. It sells more chiropractic services.
D. Its price falls.

Question

12-09-2023
Social Studies

College

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Jane is one of 10 chiropractors in her city. Demand for chiropractic services is low enough that all chiropractors in the city are suffering losses. After three chiropractors close their practices, which of the following changes does Jane's practice not experience?

A. Its demand curve shifts to the right.
B. It loses market power.
C. It sells more chiropractic services.
D. Its price falls.

Answer :

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ogorwyne ogorwyne · Answer 1 · 2023-08-29T12:47:46-04:00

Jane is one of 10 chiropractors in her city. demand for chiropractic services is low enough that all chiropractors in the city are suffering losses. after three chiropractors close their practices, the change that the practice does not experience would be: its price falls. Last option

How does demand affect businesses?

A basic tenet of economics is that when there is more supply than demand for an item or service, prices decline. Prices typically increase when demand outpaces supply. When demand is constant, there is an inverse relationship between supply and prices of products and services.

By making several purchases of a certain commodity or service, customers run the risk of depleting the available supply of that good. The result is a rise in demand. The supply that is readily available declines as demand rises.

Read more on demand here:https://brainly.com/question/1245771

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