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jhaygood86 jhaygood86
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6 years ago
When businesses enter an industry making economic profits, the market
A) demand curve shifts leftward, and the equilibrium price falls.
B) demand curve shifts rightward, and the equilibrium price rises.
C) supply curve shifts leftward, and the equilibrium price rises.
D) supply curve shifts rightward, and the equilibrium price falls.
E) supply curve shifts rightward, and the equilibrium price rises.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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