In Figure 9.6 if price is P2 then the industry will:

elbthwtkns01

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In Figure 9.6 if price is P2 then the industry will:

Figure 9.6

In Figure 9.6 if price is P2 then the industry will:

▸ cease to exist.

▸ stay the same size.

▸ contract.

▸ expand.

Textbook

Microeconomics: Principles, Applications, and Tools

Edition: 8^th

Authors: O'Sullivan, Sheffrin, Perez

Read 192 times

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