Refer to the information provided in Figure 12.3 below to answer the questions that follow. Figure 12.3
-Refer to Figure 12.3. The DVD industry is a constant-cost industry. As the demand for DVD players shifts from D to $$D ^ { \prime }$$ , which of the following is LEAST likely to result?

Question

Refer to the information provided in Figure 12.3 below to answer the questions that follow.  Figure 12.3
-Refer to Figure 12.3. The DVD industry is a constant-cost industry. As the demand for DVD players shifts from D to $$D ^ { \prime }$$ , which of the following is LEAST likely to result?

Quizplus · Accepted Answer

In a perfectly competitive market, prices may increase in the short run due to increased demand, but in the long run, they will return to the equilibrium level due to the entry of new firms, making it unlikely for the price to remain at $5.00.

Refer to the Information Provided in Figure 12 D′D ^ { \prime }D′

Refer to the Information Provided in Figure 12 $D ^ { \prime }$