Suppose, as a Result of a Long-Run Adjustment in a Perfectly

question 83

Multiple Choice

Suppose, as a result of a long-run adjustment in a perfectly competitive industry to a change in demand, price and output both fell.Therefore, demand must have __________ in this __________ industry.

• A)fallen; increasing cost
• B)fallen; decreasing cost
• C)increased; increasing cost
• D)increased; decreasing costs
• E)decreased; constant cost

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Definitions:

Declarations

Statements in programming that specify the type and sometimes the initial value of variables, functions, and other entities.

Function Declaration

The part of a program that specifies the name, return type, and parameters of a function without defining what it does.

Address

A numeric representation of a location in memory where data is stored, often used in programming for accessing and manipulating data directly.

Two-dimensional Array

A two-dimensional array is an array of arrays, allowing for storage of data in a matrix-like structure where elements are accessed using two indexes.