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Home Q & A Board Other Fields Homework Help Business Economics
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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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ejoty Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
cipcal
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You make an excellent tutor!
rhockeygirl
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2 hours ago
Just got PERFECT on my quiz
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