Suppose a Competitive Industry Is in Long-Run Equilibrium

question 123

Multiple Choice

Suppose a competitive industry is in long-run equilibrium. When demand increases, market price

• A)decreases in the short and long run.
• B)rises in the short run and falls in the long run.
• C)decreases in the short run and rises in the long run.
• D)rises in the short and long run.
• E)rises in the short run and rises more in the long run.

Identify factors that can increase the resemblance of analogue research findings to real-life counseling.

Understand the implications of experimental controls for external validity in analogue research.

Recognize the potential for analogue research to offer specificity in operational definitions of variables.

Grasp the considerations of client and counselor variables in enhancing the relevance of analogue research findings.

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