Which of the Following Statements Concerning the Slope of Market

question 109

Multiple Choice

Which of the following statements concerning the slope of market supply is false?

• A)Market supply usually gets steeper as output increases.
• B)The slope of a market supply curve depends on the slopes of individual marginal cost curves.
• C)The steeper marginal cost curves are for individual firms, the steeper market supply will be.
• D)The slope of market supply is somewhat dependent on the shape of the market demand curve.
• E)Individual marginal cost curves have positive slopes, and so does market supply.

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Definitions:

Fluid-filled Sacs

Structures in organisms, such as bursae or cysts, containing liquid within a membranous enclosure, serving various physiological functions.

Double-Membrane Organelles

Cellular components surrounded by two lipid bilayers, including the nucleus, mitochondria, and chloroplasts in plants, playing various roles in cellular functioning.

Photosynthesis

The method through which green plants and certain organisms utilize sunlight to produce nutrients from carbon dioxide and water, releasing oxygen as a secondary product.

Plastids

Organelles found in the cells of plants and algae that are responsible for photosynthesis, storage of products like starch, and the synthesis of many types of molecules.