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When businesses exit an industry suffering economic losses, the market

Laurent

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When businesses exit an industry suffering economic losses, the market

When businesses exit an industry suffering economic losses, the market
A) demand curve shifts leftward, and the equilibrium price falls.
B) demand curve shifts rightward, and the equilibrium price rises.
C) supply curve shifts leftward, and the equilibrium price rises.
D) supply curve shifts rightward, and the equilibrium price falls.
E) supply curve shifts rightward, and the equilibrium price rises.

Textbook

Microeconomics for Life: Smart Choices for You

Edition: 2^nd

Author: Cohen

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Laurent Author

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5 years ago

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