| Question: In the long run, a constant cost industry | A. | has an upward sloping supply curve as the quantity supplied increases with increases in demand | B. | expands in response to an increase in demand despite rising input costs, and so the long run supply curve is horizontal | C. | can expand in response to an increase in demand without input costs changing, and so the long run supply curve is horizontal | D. | does not expand in response to an increase in demand and so the long run supply curve is horizontal | Answer» c. can expand in response to an increase in demand without input costs changing, and so the long run supply curve is horizontal |  
| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |