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Author Question: Refer to the information provided in Figure 9.7 below to answer the question(s) that follow. Refer ... (Read 43 times)

skymedlock

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Question 1

The long-run industry supply curve ________ in a decreasing-cost industry.


◦ slopes up
◦ slopes down
◦ is horizontal
◦ is vertical

Question 2

Refer to the information provided in Figure 9.7 below to answer the question(s) that follow. 









Refer to Figure 9.7. Industry demand is initially 
D1 and industry supply is initially 
S1 in this increasing cost industry. If demand increases to 
D2, then in the long run the industry will


◦ stay at Point 
B.
◦ move to Point 
C.
◦ move to Point 
E.
◦ move to Point 
F.


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Marked as best answer by skymedlock on Apr 19, 2019

Joc

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skymedlock

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Reply 2 on: Apr 19, 2019
Excellent


pratush dev

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Reply 3 on: Yesterday
Gracias!

 

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