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Other Fields Homework Help Economics Topic started by: nguyenduong67 on Aug 29, 2017



Title: A perfectly competitive industry is in long-run equilibrium. If demand for the product increases, we ...
Post by: nguyenduong67 on Aug 29, 2017
A perfectly competitive industry is in long-run equilibrium. If demand for the product increases, we can expect the price of the good to
A) fall and remain at the lower price.
B) rise and remain at the higher price.
C) rise at first and then fall.
D) fall at first and then rise.


Title: Re: A perfectly competitive industry is in long-run equilibrium. If demand for the product ...
Post by: trumpetsoflife on Aug 29, 2017
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