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If the Demand Curve Shifts Down and to the Left

Question 12

Multiple Choice

If the demand curve shifts down and to the left in an increasing cost market, then:


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

Correct Answer:

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