When cranberry farming is an increasing constant cost industry and that firm is typical, in that case an increase within the market demand for cranberries will give in a long run equilibrium price as: (i) less than P1. (ii) greater than P2. (iii) less than P2 but more than P3. (iv) less than P3 but more than P4. (v) less than P4.
![1768_demand and supply.png](https://secure.tutorsglobe.com/CMSImages/1768_demand%20and%20supply.png)
Can anybody suggest me the proper explanation for given problem regarding Economics generally?