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Choose the Correct Answer : in the Long Term Supply Becomes _________. - Economics

MCQ

 Choose the correct answer :                

 In the long term supply becomes _________. 

Options

  • (a) active

  • (b) inactive

  • (c) zero

  • (d) negative

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Solution

 In the long term supply becomes active.
Explanation:
In the long run, all the factors of production are variable. Hence, an entrepreneur can increase (or decrease) the size of plant, machines, etc and can adjust the supply as per the change in demand.

Concept: Market Supply
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