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Author Question: If the expansion of output in an industry leads to unchanged resource prices, the industry is most ... (Read 68 times)

asd123

  • Hero Member
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  • Posts: 557
on: Jun 30, 2018
If the expansion of output in an industry leads to unchanged resource prices, the industry is most likely to be a(n):
 a. decreasing cost industry.
  b. increasing cost industry.
  c. constant cost industry.
  d. industry characterized by economies of scale.

Question 2

Supply-demand analysis shows that a tax collected from sellers is always fully shifted to buyers.
 a. True
  b. False
  Indicate whether the statement is true or false


flexer1n1

  • Sr. Member
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  • Posts: 373
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

False


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