Assume a purely competitive increasing cost industry is intislly long eun equilibrium producing 10 million units atca market price of $5.00. Supoose that increaae in consumer demand occurs. After all economic adjustments have been completed which output and price combination is most likely to occur ? 9.5 units at a price of $4.50 11 units at a price of $4.75 9 units at a price of $5.25 12 units at a price of $5.50

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