Top Posters
Since Sunday
A
6
j
6
c
5
m
5
C
5
d
5
s
5
n
4
i
4
d
4
d
4
J
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Rken Rken
wrote...
Go to Answer
Posts: 403
Rep: 3 0
6 years ago
Assume a perfectly competitive industry is in long-run equilibrium at a price of $20. If this industry is a constant-cost industry and the demand for the product decreases, long-run equilibrium will be reestablished at a price
A) greater than $20.
B) of $20.
C) less than $20.
D) either greater than or less than $20 depending on the magnitude of the decrease in demand.
Read 105 times
2 Replies
Replies
Answer verified by a subject expert
DeToXiFYDeToXiFY
wrote...
#1
Top Poster
Posts: 668
Rep: 11 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

Rken Author
wrote...
#2
6 years ago
Thanks a lot
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  841 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 274
  
 716
  
 74