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

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30-03-2017
Business

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

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meerkat18 meerkat18 · Answer 1 · 2017-04-12T17:14:24+02:00

meerkat18 meerkat18

12-04-2017

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.

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