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penecty ever peauve mansete Let's return to the initial increasein demand N95 Mark - the...

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Economics

penecty ever peauve mansete Let's return to the initial increasein demand N95 Mark - the rightward shift of the demand curve at thestart of the pandemic. Chanel Carter Again, assume that the N95mask market is perfectly competitive and remember that over timethe market supply curve shifted to the right as new firms enteredthe market. Assuming that the N95 mask market was in long runequilibrium before the pandemic (before the rightward shift of thedemand curve), what does economic theory tell us the equilibriumprice of N95 masks will be in the long run? Derrick So, firms willkeep entering the market and the supply curve will keep shifting tothe right until the market equilibrium price is:

$10

in the long run. greater than

$200

in the long run.

$200

in the long run. Submit

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