Assignment:
Envision two products (A and B) that are considered substitutes for one another. and that both are traded in perfectly competitive markets. Envision further that the demand for Product A increases. In a total of 75-150 words, please address the following questions. In the long run,
1. What rate of return will firms in the market for A earn? Why?
2. What rate of return will firms in the market for B earn? Why?
3. How will the market for A have changed as a result of the increased demand for A?
4. How will the market for B have changed as a result of the increased demand for A?
Response questions from 1 to 4 in 75-150 words. Looking forward to receiving full points on this assignment.