When the Market Price in Long-Run Equilibrium Remains Unchanged After

question 10

Multiple Choice

When the market price in long-run equilibrium remains unchanged after an industry expands, then the long-run industry supply curve

• A)is vertical.
• B)is downward sloping.
• C)is upward sloping.
• D)is horizontal.
• E)does not exist.

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Definitions:

Nineteenth Century

The era spanning from January 1, 1801, to December 31, 1900, marked by profound industrial, cultural, and political shifts globally.

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Religious Freedom

The principle that supports the freedom of an individual or community, in public or private, to manifest religion or belief in teaching, practice, worship, and observance without government intervention.

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