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Home Q & A Board Other Fields Homework Help Business Economics
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thanhha78 thanhha78
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6 years ago
A perfectly competitive industry is in long-run equilibrium. If demand for the product decreases, we can expect the price of the good to
A) fall at first and then rise.
B) fall and remain at the lower price.
C) rise and remain at the higher price.
D) rise at first and then fall.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Quinn1981Quinn1981
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6 years ago
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thanhha78 Author
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#2
6 years ago
you're honestly amazing, thank you
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