Suppose Egg Producers Succeed in Permanently Raising the Price of Their

Multiple Choice

Suppose egg producers succeed in permanently raising the price of their product by 15 percent, and as a result the quantity demanded falls by 15 percent in the short run. In the long run we can expect the quantity demanded to fall by

A) 15 percent.
B) 0 percent.
C) between 0 and 15 percent.
D) more than 15 percent.
E) 100 percent.