Assume that a rise in petroleum prices increases the cost of milk transportation from the dairies to the market. We can expect the long-run supply curve in this industry to shift downward

Indicate whether the statement is true or false

F

Economics

You might also like to view...

The set of acquired skills and abilities that workers bring to the production of goods and services is:

A) money. B) wealth. C) human capital. D) natural ability.

Economics

When were the first federal antitrust laws enacted in the United States?

a. around the turn of the twentieth century b. after World War II c. after World War I d. during the Great Depression e. with the U.S. Constitution, in 1787

Economics