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Author Question: Assume that an economy producing two products, skateboards and inline skates, is initially in ... (Read 52 times)

mp14

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on: Apr 19, 2019

Assume that an economy producing two products, skateboards and in‐line skates, is initially in equilibrium, and that skateboards and in‐line skates are substitutes. If consumer preferences shift away from skateboards and toward in‐line skates, which of the following will 
not occur?


◦ In the short run, firms producing skateboards will incur losses.
◦ In the short run, firms producing in‐line skates will earn a profit.
◦ Additional capital will begin to flow into in‐line skates production in the long run.
◦ Additional capital will begin to flow into skateboard production in the long run.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by mp14 on Apr 19, 2019

kxciann

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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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mp14

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

abro1885

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

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