Question: b. Next, graphically illustrate how, after the initial changes you illustrated in question 2, the corn market and the representative firm would adjust back to

in question 2, the corn market and the representative firm would adjust

b. Next, graphically illustrate how, after the initial changes you illustrated in question 2, the corn market and the representative firm would adjust back to long-run equilibrium. Label any new curves and equilibrium values using a subscript 3. After all adjustments have taken place, what has happened to the equilibrium market price, the number of firms operating in the market, and the representative firm's profits? Why

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