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    could someone please help me with this question?

    "With the aid of a linked diagram of a perfectly competitive firm AND industry, show and explain how profits are generated in the short run when the industry is faced with a permanent increase in demand for its product."

    could someone help me with the explanation part, the diagram part isn't necessary
 
 
 
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Updated: December 28, 2014
Poll
Are you going to a festival?

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

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