Suppose that the market for gluten-free spaghetti is in long-run equilibrium at a price of $3.50 per box and a quantity of 4 million boxes sold per year. assume that the production of gluten-free spaghetti is a constant-cost industry. if the demand for gluten-free spaghetti increases permanently, which of the following combinations of equilibrium price and equilibrium quantity would you expect to see in the long run?
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Suppose that the market for gluten-free spaghetti is in long-run equilibrium at a price of $3.50 per...
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