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

question 180

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 rose.Therefore, demand must have __________ in this __________ industry

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

---

Definitions:

Higher Education

Education provided by universities and colleges, often focusing on academic and professional degrees beyond the secondary level.

Tobacco Use

The act of consuming tobacco products, including smoking cigarettes, cigars, or using smokeless tobacco, often leading to addiction and health complications.

Binge-drinking Rate

The proportion of individuals in a population who consume an excessive amount of alcohol in a short period of time.

Motor Coordination

Involves the ability to execute smooth, precise, and controlled physical movements, integrating the actions of muscles and limbs.