If the Demand Curve in an Increasing Cost Market Shifts

question 67

Multiple Choice

If the demand curve in an increasing cost market shifts up and to the right, then:

• A)the long run price goes up and the long run quantity goes up.
• B)the short run price goes up and the short run quantity stays the same.
• C)the long run price stays the same and the long run quantity goes up.
• D)the short run price stays the same and the short run quantity goes up.