Under What Conditions Would an Increase in Demand Lead to a Lower

question 68

Multiple Choice

Under what conditions would an increase in demand lead to a lower long-run equilibrium price?

• A)The firms in the market are part of a decreasing-cost industry.
• B)The firms in the market produce an inferior good.
• C)Potential new firms in the market are not attracted by economic profits.
• D)Increases in demand cannot lead to lower long-run equilibrium prices.

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A habitual pattern of absence from a duty or obligation, surpassing normal levels, often impacting productivity and team dynamics.

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The ability to assess and initiate things independently, often leading to the implementation of new plans or strategies.