When an Industry's Raw Material Costs Increase, Other Things Remaining

question 124

Multiple Choice

When an industry's raw material costs increase, other things remaining the same,

• A) the supply curve shifts to the left.
• B) the supply curve shifts to the right.
• C) output increases regardless of the market price and the supply curve shifts upward.
• D) output decreases and the market price also decreases.

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Definitions:

Electronic Infusion Device (EID)

A medical device used to deliver fluids, such as nutrients and medications, into a patient's body in precise amounts.

Peripherally Inserted Central Catheter (PICC)

A long, thin tube inserted through a peripheral vein, typically in the arm, extending to a central vein near the heart, used for long-term intravenous access.

Subcutaneous Implanted Port

A medical device inserted under the skin to provide access to the bloodstream for the delivery of medications or for blood withdrawal.

Extravasation

The leakage of a fluid, particularly blood or chemotherapy drugs, from a vessel into the surrounding tissues.