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Figure 14-9 -Refer to Figure 14-9.If the Market Starts in Equilibrium at Starts

Question 163

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Figure 14-9
 
-Refer to Figure 14-9.If the market starts in equilibrium at point C in panel (b),what will a decrease in demand ultimately lead to in the long run

Figure 14-9
Figure 14-9    -Refer to Figure 14-9.If the market starts in equilibrium at point C in panel (b) ,what will a decrease in demand ultimately lead to in the long run A) more firms in the industry, but lower levels of production for each firm B) fewer firms in the market, and lower levels of production for each firm C) more firms in the industry, and higher levels of production for each firm D) fewer firms in the market, but higher levels of production for each firm
-Refer to Figure 14-9.If the market starts in equilibrium at point C in panel (b) ,what will a decrease in demand ultimately lead to in the long run


A) more firms in the industry, but lower levels of production for each firm
B) fewer firms in the market, and lower levels of production for each firm
C) more firms in the industry, and higher levels of production for each firm
D) fewer firms in the market, but higher levels of production for each firm

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