If There Is an Increase in Industry Supply While the Industry

question 334

Multiple Choice

If there is an increase in industry supply while the industry demand curve remains the same, then an individual firm in a perfectly competitive industry currently earning positive profits will see its profits

• A) increase.
• B) not change.
• C) decrease.
• D) impossible to determine

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Definitions:

Washcloth

A small towel used for washing the body or face, often used as part of personal hygiene routines.

Eyes

Organs of vision that detect light and convert it into electro-chemical impulses in neurons, allowing for sight.

Shampoo

A hair care product designed to clean the scalp and hair, removing dirt, oils, and other contaminants.

Neck Injury

Trauma or damage to the neck area, which may involve muscles, vertebrae, or spinal cord, potentially leading to serious complications.