When demand increases in a perfectly competitive market, quantity supplied _______ in the short run, and supply _______ in the long run. increases; increases increases; decreases decreases; decreases decreases; increases
When demand increases in a perfectly competitive market, quantity supplied _______ in the short run, and supply _______ in the long run. increases; increases increases; decreases decreases; decreases decreases; increases
Chapter9: Perfect Competition
Section9.3: Perfect Competition In The Long Run
Problem 3ST
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When
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increases; increases
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increases; decreases
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decreases; decreases
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decreases; increases
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