If the Demand Curve in a Decreasing Cost Market Shifts

question 91

Multiple Choice

If the demand curve in a decreasing cost market shifts up and to the right, then:

• A)both the short run and long run prices stay the same.
• B)both the short run and long run prices increase.
• C)the short run price increases and the long run price decreases.
• D)both the short run and long run prices decrease.

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Definitions:

Canadian Society

Refers to the social structure, cultural norms, and collective identity that characterize Canada and its inhabitants.

Sophists

Ancient Greek teachers and philosophers known for their skill in argumentation and for their role in teaching rhetoric, politics, and ethics.

Sociological Perspective

An approach to understanding human behavior by placing it within its broader social context, considering how societies influence people and vice versa.

Patriarchy

A societal system in which men hold power and dominate in roles of political leadership, moral authority, social privilege, and control of property.