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-In the Long Run,we Should Expect

Question 45

Multiple Choice

  -In the long run,we should expect: A) businesses to enter the industry, market supply to increase, and product price to fall B) businesses to leave the industry, market supply to decrease, and product price to rise C) businesses to leave the industry, market supply to increase, and product price to rise D) no change in the number of businesses in this industry E) businesses to enter the industry, market supply to decrease, and product price to rise
-In the long run,we should expect:


A) businesses to enter the industry, market supply to increase, and product price to fall
B) businesses to leave the industry, market supply to decrease, and product price to rise
C) businesses to leave the industry, market supply to increase, and product price to rise
D) no change in the number of businesses in this industry
E) businesses to enter the industry, market supply to decrease, and product price to rise

Correct Answer:

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