sydneybigelow815 sydneybigelow815
  • 03-06-2021
  • Business
contestada

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

Respuesta :

topeadeniran2 topeadeniran2
  • 04-06-2021

Answer: above its original value

Explanation:

An increasing-cost industry simply means the industries whereby there's a rise in the average costs when the output increases.

Demand increases in an increasing-cost industry which is in long-run competitive equilibrium. After full adjustment, price will be above its original value.

Answer Link

Otras preguntas

what is the step method to find gcf of 28 and 42
New technology has made methods of transportation faster
Booker T. Washington focused on improvement of which of the following levels of society? A) the economic system B) the individual C) the legal system
Through which countries does the amazon river flow ?
is the number 143 a multiple of three? explain how you know
What are the four ways that most traits are inherited?
what are china advanced cities?
List three things the continental congress did
Please Help!!! Bryan is buying notebooks and pens at an office supply store. Notebooks cost $3.59 and pens cost $1.49. He can spend up to $13 on these items.
After one customer buys 4 new tires, a garage recycling bin has 20 tires in it. After another customer buys 4 new tires, the bin has 24 tires in it. Write an ex