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Q. |
If a firms cost of raw material increases then |
A. | Market price of the final product will also increase |
B. | Equilibrium level of quantity also increases |
C. | Marginal cost curve will shift upward |
D. | Marginal cost curve will shift downward |
Answer» C. Marginal cost curve will shift upward |
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Fundamentals of Economics and ManagementNo comments yet