The long-run supply curve can have a positive slope because _____ in the long run.
A) wages decline
B) profits increase
C) industry costs decline
D) industry costs increase

Question

Quizplus · Accepted Answer

In the long run, industry costs can increase due to factors such as resource depletion, increased demand for inputs, or regulatory changes, leading to a positively sloped long-run supply curve.

The Long-Run Supply Curve Can Have a Positive Slope Because