If the market for product "X" is an increasing cost industry, if there is a substantial increase in demand for the product, in the long run, O A. The supply curve shifts right and the ATC curve shifts...


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If the market for product

Extracted text: If the market for product "X" is an increasing cost industry, if there is a substantial increase in demand for the product, in the long run, O A. The supply curve shifts right and the ATC curve shifts up, resulting in in higher long run price and positive long run economic profits. O B. The supply curve shifts right and the ATC curve shifts up, resulting in in lower long run price but normal long run economic profits. C. The supply curve shifts left and the ATC curve shifts down, resulting in in lower long run price and negative long run economic profits. O D. The supply curve shifts right and the ATC curve shifts up, resulting in in higher long run price but normal long run economíc profits.

Jun 10, 2022
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