Question 4 $/Lb 5 4 3 2 1 50 150 1000's of Ibs/yr S Demand will decrease 250 Demand will increase Supply will shift to S
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Question 4 $/Lb 5 4 3 2 1 50 150 1000's of Ibs/yr S Demand will decrease 250 Demand will increase Supply will shift to S
Question 4 $/Lb 5 4 3 2 1 50 150 1000's of Ibs/yr S Demand will decrease 250 Demand will increase Supply will shift to S1 and stabilize there S² Supply will shift to S2 and stabilize there D $Лb 5 Quantity supplied will increase but stay on S curve 4 3 2.5 2 1 500 1500 MC P 1 pts Suppose S is the short-run industry supply curve and all firms are producing at the profit-maximizing quantity. What will happen in the long-run? ATC p1 p² 2500 lbs/yr