Which of the following is likely to happen as a result? Check all that apply

CENGAGE | MINDTAP Problems & Applications (Ch 16) Profit Max Price, Cost, Revenue ATC MC MR Quantity of Sleek Sneakers True or False: Sleek's profit is negative in this case. O True O False Suppose that over time consumers become more focused on stylistic differences among shoe brands. Which of the following is likely to happen as a result? Check all that apply. Sleek's demand curve is inelastic at the profit-maximizing price. This will force Sleek to charge a lower price. The demand for each firm's products will become more price inelastic