Multiple Choice
If the demand curve in a constant cost market shifts up and to the right, then:
A) the long run price stays the same and the long run quantity goes up.
B) the short run price goes up and the short run quantity goes down.
C) the short run price stays the same and the long run quantity goes up.
D) the long run price stays the same and the long run quantity goes down.
Correct Answer:
Verified
Correct Answer:
Verified
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