Refer to the information provided in Figure 9.7 below to answer the question(s) that follow. Figure 9.7
-Refer to Figure 9.7. This increasing cost industry's long-run supply curve would be found by drawing a line from
A) Points A to E.
B) Points B to F.
C) Points B to C.
D) Points B to E.

Question

Refer to the information provided in Figure 9.7 below to answer the question(s) that follow.  Figure 9.7
-Refer to Figure 9.7. This increasing cost industry's long-run supply curve would be found by drawing a line from
A) Points A to E. 
B) Points B to F. 
C) Points B to C. 
D) Points B to E.

Quizplus · Accepted Answer

In an increasing cost industry, the long-run supply curve is upward sloping, which is represented by a line from points B to E.

Refer to the Information Provided in Figure 9