Question: Suppose the demand for seafood increases one year and then unexpectedly returns to its former level the following year. True or False: As soon as
Suppose the demand for seafood increases one year and then unexpectedly returns to its former level the following year. True or False: As soon as the demand returns to its former level, price and quantity will return to their former levels too.
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False it is not possible that if demand returns to its formal ... View full answer
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