FIGURE 4- 3 -Refer to Figure 4- 3, Which Shows a Demand Shift

question 48

Multiple Choice

FIGURE 4- 3
-Refer to Figure 4- 3, which shows a demand shift and the short- run and long- run supply curves for some product. The diagram illustrates the general principle that

• A) demand is less elastic in the long run.
• B) both demand and supply are less elastic in the long run.
• C) demand is more elastic in the long run.
• D) supply is less elastic in the long run.
• E) supply is more elastic in the long run.

---

Definitions:

Fasting

A voluntary abstention from eating and sometimes drinking for a defined period of time for religious, health, or other reasons.

Isolation

A state of being separated from other people, which can result in loneliness or solitude.

Slave Women

Female individuals who are subjected to a condition of forced labor, deprived of personal freedom, and considered the property of others.

Railway Workers

Individuals engaged in the operation, maintenance, and service of trains and rail infrastructure.