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Author Question: If the market demand decreases for a good sold in a perfectly competitive market, firms in the market: (Read 87 times)

Kthamas

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on: Jul 20, 2019
If the market demand decreases for a good sold in a perfectly competitive market, firms in the market:
◦ will not be able to change their price.
◦ will receive a lower price for their product.
◦ will not be affected by the change in demand.
◦ will be able to charge a higher price for their product.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by Kthamas on Jul 20, 2019

Pswine

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Reply #1 on: Jul 20, 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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Kthamas

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Reply 2 on: Jul 20, 2019
Excellent

upturnedfurball

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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