Q. If a firms cost of raw material decreases then (Solved)
1. Marginal cost curve will shift downward
2. Marginal cost curve will shift upward
3. Market price will go down
4. Market price will go up
- a. Marginal cost curve will shift downward
1. Marginal cost curve will shift downward
2. Marginal cost curve will shift upward
3. Market price will go down
4. Market price will go up