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:

Inner Ear

The innermost part of the ear, containing the cochlea, vestibule, and semicircular canals, which are responsible for sound detection and balance.

Sclera

The white, opaque, fibrous, outer protective layer of the eyeball, extending from the cornea to the optic nerve.

Ciliary Body

A ring-shaped tissue in the eye that connects the iris to the choroid, playing a key role in focusing vision and producing aqueous humor.

Optic Nerve

The cranial nerve that transmits visual information from the retina to the brain.