An Increase in Market Demand Will Cause an Increase in Industry

question 78

Multiple Choice

An increase in market demand will cause an increase in industry output in the long run because

• A)new firms enter the industry.
• B)new firms enter the industry and all firms increase their output.
• C)all firms decrease their output but more new firms enter.
• D)no firms enter but the existing firms increase their output.

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Definitions:

Self-Esteem

An individual’s overall subjective emotional evaluation of their own worth or personal value.

Stressing Events

Situations or occurrences that provoke stress, causing emotional or physical strain or tension.

Discrepancies

Differences or inconsistencies between two or more facts, figures, opinions, or outcomes.

Self-Esteem

An individual's subjective evaluation of their own worth, encompassing beliefs and emotions about oneself.