Consider a Perfectly Competitive Market with Long-Run External Diseconomies

question 55

Multiple Choice

Consider a perfectly competitive market with long-run external diseconomies.When demand increases permanently,the equilibrium price

• A)remains constant and the equilibrium quantity increases.
• B)remains constant and the equilibrium quantity decreases.
• C)rises and the equilibrium quantity increases.
• D)falls and the equilibrium quantity decreases.
• E)rises and the equilibrium quantity remains the same.

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