Figure 9.5Figure 9.5 shows the short-run and long-run effects of an increase in demand of an industry. The industry is:
A. a constant-cost industry.
B. an increasing-cost industry.
C. a decreasing-cost industry.
D. There isn't sufficient information.
Answer: B
Economics
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A. inferior good. B. complementary good. C. normal good. D. substitute good.
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Homelessness is not caused by _____
a. the high cost of housing in cities b. the deinstitutionalization of the mentally ill c. drug abuse d. housing subsidies
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The value of the SDR is currently based on the ________.
A) euro B) U.S. dollar C) weighted average of four currencies D) weighted average of six currencies
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Which of the following will shift the consumption function upward?
What will be an ideal response?
Economics