When an industry shrinks:
Prices rise as the supply curve shifts right.
Prices stay the same...
Social Studies, 14.02.2021 02:10 juniorracer148
When an industry shrinks:
Prices rise as the supply curve shifts right.
Prices stay the same as the demand curve shifts left.
Prices fall as the supply curve shifts right.
Prices rise as the supply curve shifts left.
Answers: 2
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