High prices traditionally cause expansion in an industry, eventually bringing an end to high prices and manufacturers

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‘High prices traditionally cause expansion in an industry, eventually bringing an end to high prices and manufacturers’ prosperity.’ Explain, using appropriate diagrams.

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Economics

ISBN: 9781408093795

3rd Edition

Authors: Mark P. Taylor, N. Gregory Mankiw

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Question Posted: Nov 04, 2024 07:00 AM

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High prices traditionally cause expansion in an industry, eventually bringing an end to high prices and manufacturers prosperity. Explain, using appropriate diagrams.
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High prices traditionally cause expansion in an industry, eventually bringing an end to high prices and manufacturers

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Economics

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