In a decreasing cost industry,the

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In a decreasing cost industry, as firms increase production, they experience lower costs due to external factors such as economies of scale and technological advancements. This leads to a downward-sloping long-run supply curve, as firms are willing to supply more output at lower prices. The short-run supply curve may initially slope upward due to fixed costs, but in the long run, firms will have enough time to adjust all their factors of production, and the long-run supply curve will become downward-sloping. The long-run demand curve may not necessarily slope upward in a decreasing cost industry.

In a Decreasing Cost Industry,the