In a Constant-Cost Industry, an Increase in Demand Will Be

question 71

Multiple Choice

In a constant-cost industry, an increase in demand will be followed by:

• A) no increase in supply.
• B) an increase in supply that will not change price from the higher level that occurs after the demand shift.
• C) an increase in supply that will bring price down to the level it was before the demand shift.
• D) an increase in supply that will bring price down below the level it was before the demand shift.
• E) a decrease in demand to keep price constant.

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Definitions:

Treatment Effect

Any measurable difference observed between a treatment and control group.

Counseling Programs

Structured educational and professional training programs designed to equip individuals with the skills needed to provide guidance and support to others.

Systematic Collection

The organized and methodical gathering of data or information according to a specific plan or procedure.

Program

The focus of counselors’ evaluation efforts. Programs can include any type of action or intervention designed to improve outcomes for whole communities, specific sectors (agencies, schools, work settings), or specific client populations (adjudicated youth, individuals who are suicidal, clients presenting with career concerns).