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Suppose a perfectly competitive market is in long run equilibrium and market demand decreases.Market price can be expected to increasein the short run and decreasein

Suppose a perfectly competitive market is in long run equilibrium and market demand decreases.Market price can be expected to

increasein the short run and decreasein the long run.

decreasein the short run and decrease even more in the long run.

increasein the short run and long run.

decreasein the short run and the long run.

decreasein the short run and increasein the long run.

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