Exhibit: Short Run to Long Run Based on the graph, if the economy starts from a short-term equilibrium at D, then the long-run equilibrium will be at _____, with a _____ price level.
A)B; higher
B)B; lower
C)C; higher
D)C; lower

Question

Exhibit: Short Run to Long Run  Based on the graph, if the economy starts from a short-term equilibrium at D, then the long-run equilibrium will be at _____, with a _____ price level.
A)B; higher 
B)B; lower 
C)C; higher 
D)C; lower

Quizplus · Accepted Answer

The Answer of Exhibit: Short Run to Long Run  Based on the graph, if the economy starts from a short-term equilibrium at D, then the long-run equilibrium will be at _____, with a _____ price level.
A)B; higher 
B)B; lower 
C)C; higher 
D)C; lower

Exhibit: Short Run to Long Run Based on the Graph