Which of the below changes in demand in the long-run would lead to entry in the perfectly competitive market for wheat?     a. a decrease in the number of buyers   b. a decrease in buyers' expected price of wheat   c. an increase in income (wheat is a normal good)   d. both a) and b) would lead to long-run entry in perfect competition

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Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.