18. A constant-cost, perfectly competitive widget industry is in long-run equilibrium. A decrease in the
price of gadgets, a substitute for widgets, will most likely result in
A. an increase in the demand for widgets, followed by a decrease in the supply of widgets
B. higher short-run and long-run prices for widgets
C. short-run losses for widget producers, followed by the exit of some firms
D. an upward shift in all short-run cost curves, followed by a higher long-run price for widgets
E. a higher short-run price for widgets, followed by an increase in the quantity produced
Answers: 1
History, 22.06.2019 03:00
Look at the painting the lictors bring to brutus the bodies of his sons by jacques-louis david (1789). the most likely message this painting sends to french citizens is that one must be prepared to sacrifice their own children to preserve france. loyalty to oneโs country stops short of sacrificing oneโs own children. brutality is an integral part of revolution and the reign of terror. no one is immune to death, not even the leaders of the revolution.
Answers: 2
18. A constant-cost, perfectly competitive widget industry is in long-run equilibrium. A decrease in...
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