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The matrices A and B are defined as follows: A = , B = Carry out the indicated matrix operation.
A + B
Market Demand
The total quantity of a product or service that all consumers in a market are willing and able to purchase at various prices.
Increases
This term refers to a situation where a quantity or quality of something goes up or becomes more.
Constant-Cost Industry
An industry where the costs of production do not change as the overall level of production increases or decreases.
Long-Run Supply
The total amount of a good or service that is available in the market over a long term, taking into account adjustments in production and entry or exit of firms.
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