Author Question: The long-run supply curve for a decreasing-cost industry is: a. upward sloping. b. downward ... (Read 34 times)

kodithompson · **on:** Jun 30, 2018

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.