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(Figure: Long Run Output I) Initially, the Constant-Cost Industry Was

Question 38

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(Figure: Long Run Output I) Initially, the constant-cost industry was in long-run equilibrium at point A when the demand for the good increased to D2. How much output will be produced in the long run as a result of the demand increase? (Figure: Long Run Output I)  Initially, the constant-cost industry was in long-run equilibrium at point A when the demand for the good increased to D<sub>2</sub>. How much output will be produced in the long run as a result of the demand increase?   A)  3,000 B)  5,000 C)  6,000 D)  7,000


A) 3,000
B) 5,000
C) 6,000
D) 7,000

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