sydneybigelow815 sydneybigelow815
  • 03-06-2021
  • Business
contestada

Demand increases in an increasing-cost industry that is initially in long-run competitive equilibrium. After full adjustment, price will be

Respuesta :

topeadeniran2 topeadeniran2
  • 04-06-2021

Answer: above its original value

Explanation:

An increasing-cost industry simply means the industries whereby there's a rise in the average costs when the output increases.

Demand increases in an increasing-cost industry which is in long-run competitive equilibrium. After full adjustment, price will be above its original value.

Answer Link

Otras preguntas

Which of the following is NOT true about the South after the war? A. It accounted for only 12% of the nation's wealth. B. Its labor system remained undist
Which sentence is correct? A. The observers up front were asked to set down so that the ones in the back could see. B. The observers up front were asked to sit
What did rich men wear in the 1600s?
What did rich men wear in the 1600s?
In Central Africa, the (blank) climate allows thick forests to grow. Please help
Need help! Which was a major accomplishment of the ancient people under the Shang Dynasty's rule?
List the rights that the nazi government took from the Jews.
Write a short counterclaim for the claim Michelle Obama is making in these remarks to the Grocery Manufacturers Association. But your role in helping address ch
The U.S. government supported the automobile by subsidizing (A) gasoline prices (B) car purchases (C) Highway 66 construction (D) plant improvements
what amendment gives us freedom of religion