General supply and demand analysis suggests that in the short General supply and demand analysis…

General supply and demand analysis suggests that in the short
General supply and demand analysis suggests that, in the short run, a decrease in demand causes the price of a good to fall.

a. Is the same assertion true (that decreases in demand cause prices to fall) in the long run?

b. Is it possible that a decrease in demand could actually cause prices to increase in the long run? If so, explain your reasoning.

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General supply and demand analysis suggests that in the short

 

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