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ejoty ejoty
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A year ago

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

Textbook 
Economics

Economics


Edition: 12th
Author:
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brassgodbrassgod
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A year ago
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