What would the long-run supply and demand curves look like for the following:
At a given instant in time, with normal supply and demand curves, each supplier at equilibrium is about to become a demander for the equilibrium price.
An example: if the equilibrium price is $5 with a quantity of 10 (with 10 different suppliers), each of the 10 suppliers is willing to become a demander for a price of $5.
2007-03-16
05:42:38
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2 answers
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asked by
CRMundhe1
1
in
Social Science
➔ Economics