Question: What will happen to short run and long run average cost curves if there is a decrease in the price of a factor input? Multiple

What will happen to short run and long run average cost curves if there is a decrease in the price of a factor input? Multiple choice question. The long run curve will shift up while the short run will shift down. Both will shift up. The short run curve will shift up while the long run will shift down. Both will shift down

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