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According to the Information Provided, If the Increased Production of Farmed

Question 160

Multiple Choice

According to the information provided, if the increased production of farmed abalone caused a rise in the marginal transportation costs of moving abalone to market, the:


A) long-run market supply of farmed abalone would be downward-sloping
B) long-run market supply of farmed abalone would be upward-sloping
C) short-run market supply curve for farmed abalone would be affected but not the long-run market supply
D) long-run market supply curve for farmed abalone would be perfectly elastic

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