If the Demand for a Product Increases in an Increasing

question 102

Multiple Choice

If the demand for a product increases in an increasing cost industry, as the market adjusts in the long run,

• A) price will rise.
• B) the firm's per-unit costs will increase.
• C) the firm's per-unit costs will fall.
• D) the market price will return to its initial position.

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Pleasant Activities

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