In a decreasing cost industry, if demand rises, the long-run supply adjustments will result in a higher equilibrium price.

Name: In a decreasing cost industry, if demand rises, the long-run supply adjustments will result in a higher equilibrium price.
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In a decreasing cost industry, as demand rises and production increases, economies of scale lead to lower average costs, which can result in a lower or unchanged equilibrium price in the long run.

In a Decreasing Cost Industry, If Demand Rises, the Long-Run