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The Figure Given Below Shows the Aggregate Demand and Supply

Question 53

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The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7
The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7 -An increase in price, facing a perfectly competitive firm, means that the profit-maximizing output level will increase.
-An increase in price, facing a perfectly competitive firm, means that the profit-maximizing output level will increase.

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