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true or fales?

The long-run supply curve is upward sloping in an increasing cost industry.

2006-10-29 07:35:43 · 2 answers · asked by youthebest 2 in Social Science ➔ Economics

2 answers

True.

As costs increase in any one industry, demand slows. As a result, the long-run supply increases as the costs also increase.

2006-10-29 09:20:36 · answer #1 · answered by Anonymous · 0⤊ 0⤋

true

2006-10-29 12:05:37 · answer #2 · answered by manchester 3 · 0⤊ 0⤋

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