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Suppose the Market for Gourmet Chocolate is in Long-Run Equilibrium, and an Economic Downturn has Reduced

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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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