Biology Forums - Study Force

Other Fields Homework Help Economics Topic started by: ejoty on Oct 1, 2023



Title: A perfectly competitive market is initially in long-run competitive equilibrium. Then, market demand ...
Post by: ejoty on Oct 1, 2023

A perfectly competitive market is initially in long-run competitive equilibrium. Then, market demand falls. By the time all adjustments have been made, price will be __________ its original level if the industry is a(n) __________ costs industry.



above; decreasing



at; constant



at; increasing



below; increasing



a and d



Title: Re: A perfectly competitive market is initially in long-run competitive equilibrium. Then, market demand ...
Post by: brassgod on Oct 1, 2023
Content hidden