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If the Demand Curve in an Increasing Cost Market Shifts

Question 67

Multiple Choice

If the demand curve in an increasing cost market shifts up and to the right, then:


A) the long run price goes up and the long run quantity goes up.
B) the short run price goes up and the short run quantity stays the same.
C) the long run price stays the same and the long run quantity goes up.
D) the short run price stays the same and the short run quantity goes up.

Correct Answer:

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