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.
B
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In the United States economy, what is the basic measure of money?
A) wealth B) disposable income C) M1 D) commodities
A merger between U.S. Steel and General Motors would be an example of a
A) conspiracy in restraint of trade. B) horizontal merger. C) conglomerate merger. D) vertical merger.
When you own part of a company and share in its profits, we say that you have:
A. equity in that company. B. credit with that company. C. intermediary stock in that company. D. financial diversification in that company.
Economic growth is considered to have occurred whenever real GDP per capita has ______.
a. fluctuated b. risen c. fallen d. remained constant