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If a Change in Market Demand Results in No Change

question 31

True/False

If a change in market demand results in no change in price in the long run, then it is true that the long-run industry supply curve does not exist.


Definitions:

Garland, Jones and Kolodny Model

A model of group work practice that integrates the group's purpose, roles, and stages of development.

Group Development

The process by which a group evolves over time, usually through stages of forming, storming, norming, performing, and adjourning.

Intimacy

A close, familiar, and usually affectionate or loving personal relationship with another person or group.

Tuckman Model

A theory describing the phases of group development: forming, storming, norming, performing, and adjourning.

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