The long-run supply curve for a competitive, decreasing-cost industry is upsloping.
Answer the following statement true (T) or false (F)
False
Economics
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A higher desired level of capital and investment will result from ________
A) a decrease in productivity B) a fall in expected future output C) a depressed economy D) a booming economy
Economics
When two goods are substitutes, a shock that raises the price of one good causes the price of the other good to
A) remain unchanged. B) decrease. C) increase. D) change in an unpredictable manner.
Economics