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Use the Following to Answer Question(s)

Question 238

Multiple Choice

Use the following to answer question(s) :
Exhibit: Supply: Short and Long Run
Use the following to answer question(s) : Exhibit: Supply: Short and Long Run -(Exhibit: Supply: Short and Long Run) If industry expansion tends to increase production costs, then the relevant long-run supply curve is: A) the horizontal axis. B) S<sub>2</sub>. C) S<sub>3</sub>. D) S<sub>4</sub>.
-(Exhibit: Supply: Short and Long Run) If industry expansion tends to increase production costs, then the relevant long-run supply curve is:


A) the horizontal axis.
B) S2.
C) S3.
D) S4.

Correct Answer:

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