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Free_Kalibri [48]
3 years ago
11

Which of the following represents a long run adjustment

Social Studies
1 answer:
yanalaym [24]3 years ago
5 0

Long run adjustments are adjustments made in response to the current state of the economy. Examples of these adjustments are:


  • General price level
  • Wage rates
  • Expectations

These changes occur when increases and decreases in demand affect the price or production and cause a company to adjust for equilibrium.

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