Consider a Perfectly Competitive Market with Long-Run External Economies

Consider a perfectly competitive market with long-run external economies.When demand increases permanently,the equilibrium price

A) remains constant and the equilibrium quantity increases.
B) remains constant and the equilibrium quantity decreases.
C) rises and the equilibrium quantity decreases.
D) falls and the equilibrium quantity increases.
E) falls and the equilibrium quantity remains the same.

Correct Answer:

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