Narrbegin Exhibit 7.10 Long-run perfectly competitive industry 
-Refer to Exhibit 7.10 and assume that a perfectly competitive industry is in long-run equilibrium at point A. If the demand curve shifts from D1 to D2, the adjustment sequence between points will be:
A) A to B then back to A.
B) A to D then back to A.
C) A to D then to C.
D) A to B then to C.
Correct Answer:
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