Solved

An Increase in Market Demand Will Cause an Increase in Industry

Question 168

Multiple Choice

An increase in market demand will cause an increase in industry output in the long run because


A) new firms enter the industry.
B) new firms enter the industry and all firms increase their output.
C) all firms decrease their output but more new firms enter.
D) no firms enter but the existing firms increase their output.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents