-Assume the initial equilibrium is at point D in Figure 9-13.If the market demand curve shifts from D₁ to D₂,and this results in entry of new firms in the long-run,the new equilibrium in this increasing-cost industry will be

Question

-Assume the initial equilibrium is at point D in Figure 9-13.If the market demand curve shifts from D<sub>1</sub> to D<sub>2</sub>,and this results in entry of new firms in the long-run,the new equilibrium in this increasing-cost industry will be A) both C and E B) both D and E C) at a price less than P<sub>1</sub> D) at a price higher than P<sub>1</sub> E) at an output greater than Q<sub>1</sub>

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The Answer of -Assume the initial equilibrium is at point D in Figure 9-13.If the market demand curve shifts from D₁ to D₂,and this results in entry of new firms in the long-run,the new equilibrium in this increasing-cost industry will be

-Assume the Initial Equilibrium Is at Point D in Figure