If an industry's long-run supply curve slopes downward, then the industry is
A) a fixed-cost industry.
B) a constant-cost industry.
C) an increasing-cost industry.
D) a decreasing-cost industry.
D
Economics
You might also like to view...
In the Keynesian model, if interest rates fall below what people consider normal, households will respond by
A) decreasing the saving rate. B) reducing the saving rate. C) holding more money. D) holding more bonds.
Economics
If a commercial bank borrows from the Federal Reserve, the price it pays is
A) zero, there is no payment. B) the prime rate. C) the federal funds rate. D) the discount rate.
Economics