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1.A sudden rise in the market demand in a competitive industry leads to a. A short run market equilibrium price higher than the original equilibrium

1.A sudden rise in the market demand in a competitive industry leads to

a.

A short run market equilibrium price higher than the original equilibrium

b.

A market equilibrium lower than the short run price

c.

Entry of new firms into the market

d.

All of the above

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