In the long run,an increase in the demand for a good will result in an increase in supply of the good in a market economy

Question

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In a market economy, an increase in demand indicates that consumers want more of the good, which signals to producers that they should increase their supply to meet this demand and potentially earn more profit. As a result, an increase in demand leads to an increase in supply in the long run.

In the Long Run,an Increase in the Demand for a Good