If demand surges and pushes up the market price to 20


If demand surges and pushes up the market price to $20, industry-wide output will rise IN THE SHORT RUN due to...

an increase in the number of firms within the industry

an increase in the amount that each profit-maximizing firm will produce

an increase in the ATC of production

an increase in the number of firms within the industry AND in the amount that each firm will produce.

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Business Economics: If demand surges and pushes up the market price to 20
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