Figure 2.5.4 -Refer to Figure 2.5.4 Above. the Figure Depicts the Supply

question 118

Multiple Choice

Figure 2.5.4
-Refer to Figure 2.5.4 above. The figure depicts the supply curves in the short run (SR) and long run (LR) for two types of copper: primary and secondary. Which panel best resembles the supply curves for primary copper?

• A) A
• B) B
• C) Both. There are no differences.
• D) Neither. The supply curves in that industry are downward sloping.