All of the following are long-run changes, except
A)an industry expanding as more firms enter it.
B)a firm moving into larger production facilities to expand production.
C)some firms deciding to leave an industry and the industry contracts.
D)a firm producing more output by acquiring more raw materials for its existing factory.

Question

Quizplus · Accepted Answer

In the long run, all inputs are variable, and firms can change their production facilities. Acquiring more raw materials for an existing factory is a short-run change, as it involves adjusting variable inputs while keeping fixed inputs constant.

All of the Following Are Long-Run Changes, Except