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Author Question: If there is a decrease in industry supply while the industry demand curve remains the same, then an ... (Read 74 times)

KimWrice

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on: Apr 19, 2019

Question 1

If there is an increase in industry supply while the industry demand curve remains the same, then an individual firm in a perfectly competitive industry currently earning positive profits will see its profits ________.


◦ increase
◦ not change
◦ decrease
◦ impossible to determine

Question 2

If there is a decrease in industry supply while the industry demand curve remains the same, then an individual firm in a perfectly competitive industry currently earning losses will see its losses ________.


◦ increase
◦ not change
◦ decrease
◦ impossible to determine
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by KimWrice on Apr 19, 2019

ndhahbi

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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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KimWrice

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Reply #2 on: Apr 19, 2019
Excellent


ndhahbi

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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