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-The Curve LS0 in the Above Figure Is the Long-

Question 1

Multiple Choice

-The curve LS0 in the above figure is the long- run supply curve in a perfectly competitive market. The short- run market supply curve shifts from S0 to S2 as the A) wage rate falls. B) external economies rise. C) number of firms increases. D) number of firms decreases.
-The curve LS0 in the above figure is the long- run supply curve in a perfectly competitive market. The short- run market supply curve shifts from S0 to S2 as the


A) wage rate falls.
B) external economies rise.
C) number of firms increases.
D) number of firms decreases.

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