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In a perfectly competitive market in the long run, after all adjustments have occurred, an increase in demand causes equilibrium price to:

In a perfectly competitive market in the long run, after all adjustments have occurred, an increase in demand causes equilibrium price to:
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In a perfectly competitive market in the long run, after all adjustments have occurred, an increase in demand causes equilibrium price to:

User AustinT
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1 Answer

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Spike before falling to the equilibrium level
User David Ackerman
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