Homework Answers
1) Answer: short-run profits in the potato-chip market increase
Short run profits increase when there is a permanent shift of preference from one good to another. Here, there is a permanent shift of preference from pretzels to potato chips. Thus, the short run profit of the potato chip market increases.
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Question 1 Suppose there is a permanent shift of consumer preferences away from pretzels and toward...
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its mcq and short question answer.
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whole question: Just answer as many as possible, dont have to be
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its mcq and short question answer.
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Find true or false
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