Business, 26.05.2021 02:50 ericuh

Assume that the market starts in equilibrium at point W in panel (b). An increase in demand from D0 to D1 will result in A. rising prices and falling profits for existing firms in the market. B. a new market equilibrium at point X. C. an eventual increase in the number of firms in the market and a new long-run equilibrium at point Z. D. falling prices and falling profits for existing firms in the market.

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Assume that the market starts in equilibrium at point W in panel (b). An increase in demand from D0...