Demand increases in constant-cost industry that is, Ask an Expert

Economics

Demand increases in constant-cost industry that is initially in long-run competitive equilibrium. After full adjustment, price will be

a. equal to its original level.

b. below its original level.

c. above its original level.

d. There is not enough information to answer the problem

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M961407

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