The Supply Curve Facing a Firm for a Factor of Production

question 146

Multiple Choice

The supply curve facing a firm for a factor of production in a perfectly competitive market is:

• A) upward sloping.
• B) downward sloping.
• C) vertical.
• D) horizontal.

---

Definitions:

Social Anxiety Disorder

A mental health condition characterized by an intense fear or anxiety in one or more social situations, leading to significant distress and impaired ability to function in daily life.

Genetic Predisposition

Genetic predisposition indicates an increased likelihood of developing a particular disease or trait based on a person's genetic makeup.

Socially Anxious Behavior

Actions or tendencies that stem from an intense fear of being judged, negatively evaluated, or rejected in social or performance situations.

Panic Disorder

A type of anxiety disorder characterized by unexpected and repeated episodes of intense fear accompanied by physical symptoms.