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Economics
MEDIUM
ENGLISH
Economics
If the long-run market supply curve for a good is perfectly elastic, an increase in the demand for that good will, in the long run, cause ?
an increase in the number of firms in the market but no increase in the price of the good
Correct answer
B
an increase the price of the good and an increase in the number of firms in the market
Option B
C
an increase the price of the good but no increase in the number of firms in the market
Option C
D
no impact on either the price of the good or the number of firms in the market
Option D
Correct answer: A
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