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Suppose the market for gourmet chocolate is in long-run equilibrium, and an economic downturn has reduced consumer discretionary incomes. assume chocolate is a normal good, and the chocolate producers have identical cost structures. a. demand will . b. profits for chocolate producers in the short run will . c. chocolate producers will the market. d. the long-run supply curve will .
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Suppose the market for gourmet chocolate is in long-run equilibrium, and an economic downturn has re...
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