In the short run

a. new firms may enter an industry.
b. existing firms may change the quantity they are supplying.
c. price and quantity supplied are absolutely fixed.
d. quantity supplied is absolutely fixed.

b

Economics

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What are the main reasons for deviations from PPP? Give, at least, 5 reasons with a short explanation

What will be an ideal response?

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Refer to the above figure. Point C is known as

A) a peak. B) a trough. C) an expansion. D) a contraction.

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