If a Product Is Manufactured Under Conditions of Constant Cost

question 176

Multiple Choice

If a product is manufactured under conditions of constant cost, an increase in the demand for the product will increase

• A) both equilibrium quantity and equilibrium price in the long run.
• B) equilibrium price, but equilibrium quantity will be unchanged in the long run.
• C) equilibrium quantity, but equilibrium price will be unchanged in the long run.
• D) equilibrium quantity but reduce equilibrium price in the long run.

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