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Author Question: The relationship between price and quantity supplied after firms fully adjust to any short-term ... (Read 41 times)

bclement10

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on: Jun 30, 2018
The relationship between price and quantity supplied after firms fully adjust to any short-term economic profit or loss resulting from a change in demand is illustrated by the
 a. long-run industry supply curve
  b. Dutch auction model
  c. short-run firm supply curve
  d. constant-cost industry supply curve
  e. short-run industry supply curve

Question 2

In economics, products are considered differentiated only if
 a. they are physically or chemically different
  b. sellers decide that they are different
  c. buyers think that they are different
  d. the government determines that they are different
  e. they are produced by different firms


polinasid

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


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