CA CPT 2016 June Question Paper General Economics for online practice

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Question : 16 of 50

Marks: +1, -0

The market price of a good is more than opportunity cost of producing it, then _____:

Market price increases in the long run
Producer will increase supply in the long run
Resources will flow outward and there will be a decline in supply
There will not be any change until demand and supply are equal

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