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If There Occurs a Permanent Decrease in the Demand for Convenience

Question 130

Multiple Choice

If there occurs a permanent decrease in the demand for convenience store services,_____ in the long run


A) each store will incur an economic loss
B) the price charged by each store will increase
C) there will be a decrease in the number of such stores
D) there will be an increase in the number of such stores
E) each store will earn an economic profit

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