If the expansion of output in an industry leads to unchanged ...

[asd123]

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]

Answer to Question 1

c

Answer to Question 2

False