In a perfectly competitive market, an increase in output could be caused by
a. decrease in consumer demand
b. an unavoidable increase in fixed costs
c. higher input prices
d. an increase in consumer demand
D
Economics
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a. shift its supply curve to the right b. shift its supply curve to the left c. shift its demand curve to the right d. shift its demand curve to the left e. create a surplus
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What is a government's budget constraint in the long run as opposed to a given time period?
What will be an ideal response?
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