In an increasing cost industry, if demand falls, the long-run supply adjustments will result in a lower equilibrium price.

Name: In an increasing cost industry, if demand falls, the long-run supply adjustments will result in a lower equilibrium price.
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In an increasing cost industry, a fall in demand will lead to a decrease in the quantity supplied. This will result in a lower equilibrium price as the supply curve shifts to the left.

In an Increasing Cost Industry, If Demand Falls, the Long-Run