The long-run supply curve for a decreasing-cost industry is: a. ...

[kodithompson]

The long-run supply curve for a decreasing-cost industry is:
 a. upward sloping.
 b. downward sloping.
  c. vertical.
 d. horizontal.

Question 2

The export supply curve shows a country's:
 a. domestic surplus at various prices below the no-trade equilibrium price.
  b. domestic shortage at various prices below the no-trade equilibrium price.
  c. domestic supply at the no-trade equilibrium price.
  d. domestic surplus at various prices above the no-trade equilibrium price.
  e. domestic shortage at various prices above the no-trade equilibrium price.

[Danny Ewald]

Answer to Question 1

b

Answer to Question 2

d

[kodithompson]

Great answer, keep it coming

[duy1981999]

Thanks for the timely response, appreciate it