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Use the above diagrams to determine which graph is best described in the following scenarios. State whether you think it will be graph A ,
Use the above diagrams to determine which graph is best described in the following scenarios. State whether you think it will be graph A B C D E F or G Just put the letter above the graph in the space for your answer.
Scenario: Suppose that is the current price and the firms were originally in long run equilibrium. Choose the market graph that represents an increase in the price an input in production for the good in the industry in th short run.
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