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If the Demand Curve in an Increasing Cost Market Shifts

Question 66

Multiple Choice

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


A) both the short run and long run prices decrease.
B) both the short run and long run prices increase.
C) the short run price increases and the long run price stays the same.
D) both the short run and long run prices stay the same.

Correct Answer:

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