Suppose in the short run the market demand for corn decreases causing the price to fall to $2.50 per bushel. In the long run, the market supply curve will shift_______until the price of corn is_______.

The new long runmarketequilibrium quantity will be_______relative to the original market equilibrium quantity before market demand decreased.

MC ATC 4.50 AVC 4.00 . .. 3.50 Price and cost ( dollars per bushel) 3.00 2.50 2.00 . .... 1.50 1.00 0.50 O 100 200 300 400 500 Quantity (thousands of bushels per year)