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hiusy98 hiusy98
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7 years ago
Assume there is an increase in demand in a perfectly competitive market that was initially in long-run equilibrium. Which of the following statements is false?
A) Consumers have shown that they now consider the good to be more valuable.
B) In the short run, profits will be lower than normal.
C) Resources from other industries will be attracted into the market.
D) Over time, the market supply curve will shift right.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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sofreshsofresh
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7 years ago
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1
Sweet Caroline
Good times never seemed so good
I've been inclined,
To believe they never would
Oh, no, no

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hiusy98 Author
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#2
7 years ago
Needed these to complete my project
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