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

How does the sun cause wind?
What two facts can you double to find 8x4?
a cartographer runs a printing press. true or false?
A limerick has four lines. True False
did the columbian exchange bring more changes to the Americas or to Europe
Write a real-world word problem in which the unit rate is 6 miles per hour.
A world-class cyclist training for the Tour de France increases his respiration rate while a pedaling up hills. What characteristics of life does this represent
Who can tell me what world war || means
What type of heterotroph is a fish?
A car traveling in a straight line has a velocity of 3.79 m/s at some instant. After 5.4 s, its velocity is 11.9 m/s. What is its average acceleration in this t