When Considering the Phases of Adjustment and Response to Operating

question 47

Multiple Choice

When considering the phases of adjustment and response to operating exposure in the LONG RUN, price changes tend to be ________ and volume changes tend to be ________.

• A) fixed/contracted; contracted.
• B) fixed/contracted; completely flexible.
• C) completely flexible; completely flexible.
• D) completely flexible; contracted.

---

Definitions:

Molecular Oxygen

A diatomic molecule made up of two oxygen atoms, essential for processes such as respiration in aerobic organisms.

Hemoglobin

An iron-containing protein in red blood cells that transports oxygen from the lungs to the tissues and carbon dioxide back to the lungs.

Pulmonary Emphysema

A lung condition that causes shortness of breath due to over-inflation of the air sacs in the lungs.

Alveoli

Tiny air sacs in the lungs where gas exchange occurs, allowing oxygen to enter the blood and carbon dioxide to be expelled.