Other things being equal, the effects of an increase in the price of orange juice would best be represented by a(n):

a. upward movement along the demand curve for orange juice.
b. leftward shift in the demand curve for orange juice.
c. downward movement along the demand curve for orange juice.
d. rightward shift in the demand curve for orange juice.

a

Economics

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When a decrease of a firm's scale of production leads to lower average costs per unit produced, there is an increasing return to scale.

Answer the following statement true (T) or false (F)

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