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Business, 19.10.2019 03:10 weirdojuwin

Suppose that the market for haircuts in a community is perfectly competitive and that the market is initially in long-run equilibrium. subsequently, an increase in population increases the demand for haircuts. in the short run, we expect that the market price will and the output of a typical firm will
choose one answer.
a. fall; rise
b. rise; fall
c. fall; fall
d. rise; rise

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Answers: 1

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