The graph above depicts a situation where, if the market demand for the product increases, the pric… Show more The graph above depicts a situation where, if the market demand for the product increases, the prices of the resources used by the firms in the industry would: A. Increase B. Decrease C. Stay constant D. Be set by the government Which of the following statements is true for a long-run supply curve that slopes upward? A. If total market output is increased, unit costs of production increase B. If total market output is unchanged, unit costs of production increase C. The total cost of producing 15 units is no larger than the cost of producing 10 units D. If total market output is decreased, total costs of production will remain unchanged • Show less