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Economics
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30 Oct 2020

When an increase in demand is met with an even higher increase in supply, it is called an _____ cost industry

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Paramjeet Chawla
Paramjeet ChawlaLv8
30 Oct 2020

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Related questions

When an increase in demand is met with an equal increase in supply, it is called a _____ cost industry

1. The law of supply indicates that an increase in price will cause an increase in supply which is reflected graphically as a rightward shift of the supply curve. True or False?

2. An increase in demand is reflected as a rightward (outward) shift of the demand curve and is caused by an increase in price. True or False?

3. Higher milk prices reduce the demand for milk. True of False?

9) Which of the following will definitely result in an increase in the equilibrium price? A) a decrease in demand combined with an increase in supply B) a decrease in both demand and supply C) an increase in both demand and supply D) an increase in supply combined with a decrease in demand E) an increase in demand combined with a decrease in supply

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