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In a constant-cost industry, an increase in demand will be followed by:

nakungth

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7 years ago

In a constant-cost industry, an increase in demand will be followed by:

In a constant-cost industry, an increase in demand will be followed by
A) no increase in supply.
B) an increase in supply that will not change price from the higher level that occurs after the demand shift.
C) an increase in supply that will bring price down to the level it was before the demand shift.
D) an increase in supply that will bring price down below the level it was before the demand shift.
E) a decrease in demand to keep price constant.

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Microeconomics

Edition: 8^th

Author: Pindyck

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boransal

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More solutions for this book are available here

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nakungth Author

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7 years ago

Thank you, thank you, thank you!

jaray75

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Thanks

nicolepope23

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Smart ... Thanks!

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