Author Question: If the gadget industry is a constant cost industry, one would expect that the long run result of an ... (Read 122 times)

jjjetplane · **on:** Jun 30, 2018

If the gadget industry is a constant cost industry, one would expect that the long run result of an increase in demand for gadget to include ____ firms and a(n) ____ in price.
a. more; increase.
b. more; no change.
c. more; decrease.
d. fewer; increase.

Question 2

Countries import goods in which they have:
a. an absolute advantage.
b. a comparative advantage.
c. a reputation for good product quality.
d. a comparative disadvantage.
e. a surplus domestic production.

todom5090 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

b

Answer to Question 2

d

jjjetplane · **Reply #2 on:** Jun 30, 2018

Thank you

todom5090 · **Reply #3 on:** Jun 30, 2018

Happy to help you

Author Question: If the gadget industry is a constant cost industry, one would expect that the long run result of an ... (Read 122 times)

jjjetplane

If the gadget industry is a constant cost industry, one would expect that the long run result of an ...

todom5090

If the gadget industry is a constant cost industry, one would expect that the long run result of an ...

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jjjetplane

If the gadget industry is a constant cost industry, one would expect that the long run result of an ...

todom5090

If the gadget industry is a constant cost industry, one would expect that the long run result of an ...