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Author Question: FIGURE 4-3Refer to Figure 4-3, which shows a demand shift and the short-run and long-run supply ... (Read 72 times)

frosh101

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on: Oct 12, 2022




FIGURE 4-3

Refer to Figure 4-3, which shows a demand shift and the short-run and long-run supply curves for some product. In the new long-run equilibrium at EL, producers' revenue


◦ is unambiguously lower than at ES.
◦ is unambiguously higher than at ES.
◦ could be higher or lower than at ES, depending on the price elasticity of demand.
◦ is unambiguously lower than at E0.
◦ could be higher or lower than at E0, depending on the price elasticity of demand.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by frosh101 on Oct 12, 2022

MajorWaffle

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Reply #1 on: Oct 12, 2022
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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frosh101

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

bbburns21

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

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