On august 5, 2003, a tragic fire destroyed a large jim beam whiskey factory in kentucky. assume that the u. s. market for whiskey is perfectly competitive, and that the market was originally in long run equilibrium. what would be the effects of such an incident?
a. an increase in supply would cause a reduction in price, which would then lead to entry of firms.
b. a decrease in supply would cause an increase in price, which would then lead to entry of firms.
c. an increase in supply would cause an increase in price, which would then lead to entry of firms
d. a decrease in supply would cause an increase in price, which would then lead to exit of firms.
e. price of the whiskey would remain unchanged and the existing firms would continue to earn zero economic profit.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

The answer is a. i think

Idk  maybe its a glitch  in the system it happens 

Your answer is c premium and ur welcome