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The Problem Faced by Farms in the Long Run as Portrayed

Question 62

Multiple Choice

The problem faced by farms in the long run as portrayed in the diagram would involve price and quantity changes from A) P₂ to P₃ and Q₁ to Q₄. B) P₁ to P₄ and Q₁ to Q₄. C) P₂ to P₁ and Q₁ to Q₂. D) P₄ to P₁ and Q₄ to Q₁. The problem faced by farms in the long run as portrayed in the diagram would involve price and quantity changes from


A) P₂ to P₃ and Q₁ to Q₄.
B) P₁ to P₄ and Q₁ to Q₄.
C) P₂ to P₁ and Q₁ to Q₂.
D) P₄ to P₁ and Q₄ to Q₁.

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