If the Demand Curve in an Increasing Cost Market Shifts

question 66

Multiple Choice

If the demand curve in an increasing cost market shifts up and to the right, then:

• A)both the short run and long run prices decrease.
• B)both the short run and long run prices increase.
• C)the short run price increases and the long run price stays the same.
• D)both the short run and long run prices stay the same.

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Definitions:

Wet Mount

A laboratory technique in which a liquid sample is placed between a slide and cover slip to observe under a microscope.

Menarche

The first menstrual period.

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Cyclic endometrial shedding and discharge of a bloody fluid from the uterus during the menstrual cycle.

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An abnormality in the genetic material (DNA) of an organism, which can lead to diseases or conditions.