# If the long-run market supply curve for a good is perfectly elastic, an increase in the demand for that good will, in the long run, cause ? with Answer - Economics Mcqs | TestPrep

> Solved MCQ: If the long-run market supply curve for a good is perfectly elastic, an increase in the demand for that good will, in the long run, cause ? Correct Answer: A. an increase in the number of firms in the market but no increase in the price of the good. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# If the long-run market supply curve for a good is perfectly elastic, an increase in the demand for that good will, in the long run, cause ?

Direct Answer & Quick Reference

The correct option is **A. an increase in the number of firms in the market but no increase in the price of the good**.

A. an increase in the number of firms in the market but no increase in the price of the good **(Correct Answer)**

B. an increase the price of the good and an increase in the number of firms in the market

C. an increase the price of the good but no increase in the number of firms in the market

D. no impact on either the price of the good or the number of firms in the market

✨ Explain with AI

Verified Key: A. an increase in the number of firms in the market but no increase in the price of the good
Solved by 4,268+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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*Source: https://test-prep.blog/mcq/if-the-long-run-market-supply-curve-for-a-good-is-perfectly-elastic-an-increase--1ae6adcc-f7a7-4fd6-b2b6-3f4e8fd3ce73*
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