AICPA每日一练之BEC【2016-2-4】

高顿网校2016-02-04 09:45Lynn.yu
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In the short run, a severe typhoon creates an immediate strong increase in demand for roofers. Some roofers in other parts of the country are then attracted to the disaster area. Assume that in the long run the increase in demand still exceeds the increase in supply. Incorporating these facts in an analysis, the price for roofers in the short run increases, while in the long run the price will

A. Decrease below the original price

B. Return to the original price

C. Decrease, but remain above the original price

D. Continue to increase

Answer:C

C is correct. If the increase in demand continues to exceed the increase in supply, price will remain above the original price.

A is incorrect. If the increase in demand exceeds the increase in supply, price will increase (not decrease) above the original price.

B is incorrect. If the increase in demand exceeds the increase in supply, price will increase (not equal) above the original price.

D is incorrect. Price will not continue to increase.

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