If an industry's long-run supply curve is negatively-sloped, the industry has
a. increasing costs.
b. decreasing costs.
c. constant costs.
d. impossible to predict.
B
Economics
You might also like to view...
Refer to Figure 28-9. A supply shock, such as rising oil prices, would be depicted as a movement from
A) C to E to B. B) C to D to A. C) C to B to A. D) A to B to C. E) A to D to C.
Economics
As all available statistics show us, because the average annual population growth is 1.4 percent higher in developing countries than in industrial nations, economic growth is lower in low-income countries
a. True b. False Indicate whether the statement is true or false
Economics