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

A picture frame for a square picture has an area of 80 square inches. What is the length of the picture?
What role should the government have in enforcing equal rights for Americans?
How many seconds in 2.6 days
Is 26 a perfect square?
How would I find the slope intercept form of x+y+3=0?
Douglas wants to draw a circle graph showing the favorite colors of his friends. When he polled his friends asking each their favorite color, 25% of his friends
How would I find the slope intercept form of x+y+3=0?
You begin solving the equation 4 – 5x = 59 by subtracting 4 from both sides. Which is the best choice for Step 2?
Douglas wants to draw a circle graph showing the favorite colors of his friends. When he polled his friends asking each their favorite color, 25% of his friends
food couldn't reach the stomach without the esophagus and the what