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HW: Firms in Competitive Markets Assignment Shift the demand curve, the supply curve, or both on the following graph to illustrate these short-run effects of the publication. (? ) O Supply Demand co Supply PRICE (Dollars per block) 10 20 30 40 50 80 70 80 100 QUANTITY (Millions of blocks) Q Search WQ HW: Firms in Competitive Markets Assignment In the long run, some firms will respond by until Shift the demand curve, the supply curve, or both on the following graph to illustrate both the short-run effects of the publication and the new long- run equilibrium after firms and consumers finish adjusting to the news. (? ) Supp Demand O Supply PRICE (Dollars per block) emand Q Search W 12:27 10/22/2CENGAGE |MINDTAP V: Firms in Competitive Markets Assignment (?) 10 O Supply Demand Co Supply PRICE (Dollars per block) Demand 10 20 30 40 50 10 70 80 90 100 QUANTITY (Millions of blocks) The new equilibrium price and quantity suggest that the shape of the long-run supply curve in this industry is in the long run. Q Search a W