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Author Question: Refer to the information provided in Figure 12.4 below to answer the question(s) that follow. There ... (Read 121 times)

tichca

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on: Apr 19, 2019

Refer to the information provided in Figure 12.4 below to answer the question(s) that follow.







There are two sectors in the economy, X and Y, and both are in long-run, zero-profit equilibrium at the intersections of S0 and D0.


Refer to Figure 12.4. Assume consumer preference changes toward 
X and away from 
Y. 
Ceteris paribus, firms in sector 
X are now ________ and firms in sector 
Y are now ________.


◦ breaking even; suffering losses
◦ earning profits; breaking even
◦ earning profits; suffering losses
◦ breaking even; breaking even
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by tichca on Apr 19, 2019

aliotak

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tichca

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Reply #2 on: Apr 19, 2019
Thanks


aliotak

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Reply #3 on: Apr 19, 2019
Welcome :)


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