mine Assume that the gold mining indesery is Competitive (1) Illustrate a long-ron equilibrium using dingerous for the gold market and for a representative gold b Suppose that an increase in Jewellery demand induce a r gold. Using your dirgrounds & how what happens in the short on to the market and to ach existing gold (C) If the demand for gold remains hoffen to the Price over time? Specifically, , would the new son be above, below, or equal to the short-run equilibrium Price in bark b. Surge in the demand for mine. high, what would CS.com