The demand curve in the long run Equilibrium should be
A. Tangent to AC curve
B. Must lie to the right of the AC curve and intersect it
C. Must lie to the right of the AC curve and intersect it twice
D. Both a & c
Answer:C
The demand curve in the long run Equilibrium should be
A. Tangent to AC curve B. Must lie to the right of the AC curve and intersect it C. Must lie to the right of the AC curve and intersect it twice D. Both a & c