Use the Accompanying Figure to Answer the Following Question

question 16

Multiple Choice

Use the accompanying figure to answer the following question.
-_____________ is/are greater at higher elevations than lower elevations.

• A)Temperature
• B)Air pressure
• C)Ultraviolet radiation
• D)Oxygen levels
• E)Evaporation rates

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Definitions:

Long-Run Supply Curve

A graphical representation showing how the quantity of goods supplied by firms changes over time as all factors of production can be varied.

Decreasing-Cost Industry

An industry in which the costs of production decrease as the industry expands, often due to efficiencies gained from economies of scale.

Technologically Progressive Industry

An industry characterized by rapid and continuous technological innovation, leading to dynamic growth and evolution of its products and services.

Long-Run Supply Curve

A graphical representation showing the quantities of a good or service that a firm is willing and able to supply at different prices over a period where all inputs can be varied.