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Thank you. Use the following graph to answer the question below: Price! Cost (5) P1 Q (0W) If the price is P1, what will happen

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Thank you.

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Use the following graph to answer the question below: Price! Cost (5) P1 Q (0W) If the price is P1, what will happen to prices in the long run? What will happen to the supply in the long run? 0 Prices will fall and supply will decrease. 0 Prices will fall and supply will increase. 0 Prices will not change and supply will not change. 0 Prices will increase and supply will decrease

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