Business, 06.01.2020 21:31 ninilizovtskt

Assume there is an increase in demand in a perfectly competitive market that was initially in long-run equilibrium. which of the following statements is false?

a. consumers have shown that they now consider the good to be more valuable.

b. in the short-run profits will be lower than normal.

c. resources from other industries will be attracted into the market.

d. over time, the market supply curve will shift right

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