The long-run market supply curve would be downward-sloping if the representative firms':
A. Demand curves shift up as the industry expands
B. ATC curves shift down as the industry expands
C. Supply curves shift left as the industry expands
D. Demand curves shift down as the industry expands
B. ATC curves shift down as the industry expands
You might also like to view...
A negative externality occurs when: a. the social cost curve lies above the private cost curve
b. the social cost curve is below the private cost curve. c. a third party benefits from a market transaction by others. d. there is an increase in the private cost borne by sellers.
The price level rises if either
a. money demand or money supply shifts rightward. b. money demand shifts rightward or money supply shifts leftward. c. money demand shifts leftward or money supply shifts rightward. d. money demand or money supply shifts leftward.