The Long-Run Supply Curve Would Be Perfectly Elastic When

question 144

Multiple Choice

The long-run supply curve would be perfectly elastic when

• A)an increase in demand does not cause a change in product price.
• B)an increase in demand causes an increase in product price.
• C)a decrease in demand causes an increase in short-run supply.
• D)a decrease in demand causes an increase in product price.

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