Give Two Reasons Why the Long-Run Industry Supply Curve May

question 28

Essay

Give two reasons why the long-run industry supply curve may slope upward. Use an example to demonstrate your reasons.

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Definitions:

Aldosterone

A hormone produced by the adrenal glands that helps regulate blood pressure by controlling sodium and water balance in the body.

Renal Tubule

The part of the nephron in the kidney where filtrate from the renal corpuscle is further processed into urine.

Distal Tubule

The distal tubule is a segment of the kidney nephron that plays a crucial role in the reabsorption of water and ions, significantly contributing to the regulation of blood pressure, pH, and electrolyte balance.