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Home Q & A Board Other Fields Homework Help Business Economics
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Ryanteck Ryanteck
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6 years ago
Assume the tennis ball industry, a perfectly competitive, decreasing‐cost industry, is in long-run equilibrium with a market price of $5. If the demand for tennis balls DECREASES, long-run equilibrium will be reestablished at a price
A) less than $5.
B) greater than $5.
C) equal to $5.
D) either greater than or less than $5, depending on the number of firms that enter the industry.
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DeToXiFYDeToXiFY
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6 years ago
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Ryanteck Author
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6 years ago
Brilliant ツ
nadiia
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Yesterday
This helped my grade so much Perfect
vanna2014
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2 hours ago
Thanks
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