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meganA meganA
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5 years ago

Question 1.

For a perfectly competitive industry, a decline in technology will cause



▸ a movement up the short-run industry supply curve.

▸ a movement down the short-run industry supply curve.

▸ the industry short-run supply curve to shift to the right.

▸ the industry short-run supply curve to shift to the left.

Question 2.

An industry is in ________ if firms have no incentive to enter or exit in the ________ run.



▸ disequilibrium; short

▸ disequilibrium; long

▸ equilibrium; short

▸ equilibrium; long
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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DoggggDogggg
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#1
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5 years ago
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meganA Author
wrote...

5 years ago
Smart ... Thanks!
MAry1395
wrote...

Yesterday
Good timing, thanks!
Brownr40
wrote...

2 hours ago
This helped my grade so much Perfect
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