If the Long-Run Market Supply Curve Is Perfectly Elastic, an Increase

question 80

Multiple Choice

If the long-run market supply curve is perfectly elastic, an increase in demand will cause the final equilibrium to be at:

• A) the original price but at a smaller output.
• B) a higher price with a higher output.
• C) the original price but with a higher output.
• D) a higher price but with the same output.

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