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If the Demand Curve in a Decreasing Cost Market Shifts

Question 3

Multiple Choice

If the demand curve in a decreasing cost market shifts up and to the right, then:


A) the long run price decreases and the long run quantity increases.
B) the long run price and quantity increase.
C) the long run price stays the same and the long run quantity increases.
D) the long run price and quantity decrease.

Correct Answer:

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