Figure 12-17 The graphs in Figure 12-17 represent the perfectly competitive market demand and supply curves for the apple industry and demand and cost curves for a typical firm in the industry. Refer to Figure 12-17. Which of the following statements is true? Group of answer choices The current market price is $3 but the price will fall in the long run as new firms enter the market. The current market price is $3 but the firm will be able to increase the price in the future. The current market price is $3 but the price will fall in the long run as a result of a decrease in demand. The current market price is $3 but the price will increase in the future as the market demand increases