by: Admin_LouisPosted on:

As equilibrium price fall in the long run, market supply will ______

As equilibrium price fall in the long run, market supply will ______

—>> Increase

Decrease

Remain the same

None of the options

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  1. A market situation whereby there is only a single firm providing all factors employment is referred to as ________
  2. Utility is defined as the __________
  3. The slope of the indifference curve is also referred to as _______
  4. In a perfectly competitive market, an individual firm cannot influence the market price of a factor by increasing or decreasing _______

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