1 if input prices had increased as firms entered the, Ask an Expert

Economics

1. If input prices had increased as firms entered the lithium industry in response to rising demand, what would have been the shape of the long-run supply curve?

2. If the market demand for lithium were to decrease during the 2020s, what would happen to the market clearing price of lithium in the long run?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91707932

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