A competitive market is in long-run equilibrium. if demand decreases, we can be certain that price will

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asked Jun 18, 2018 172k views

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Thomas Tempelmann · Answer 1 · 2018-06-25T08:11:53+0000

If demand decreases, we can be sure that cost will fall in a matter of time. All, a few, or no organizations will close down, and some of them will leave the business. Cost will then ascent to achieve the new long-run balance.

A competitive market is in long-run equilibrium. if demand decreases, we can be certain that price will

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