In the Long Run,the Quantity Supplied of Most Goods

question 19

Multiple Choice

In the long run,the quantity supplied of most goods

• A)will increase in almost all cases,regardless of what happens to price.
• B)cannot respond at all to a change in price.
• C)can respond to a change in price,but the change is almost always inconsequential.
• D)can respond substantially to a change in price.

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Definitions:

Nervous System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body.

Sensation

The process by which our sensory receptors and nervous system receive stimuli from our environment, an initial step in perception.

Cornea

The transparent front part of the eye that covers the iris, pupil, and anterior chamber, contributing to the eye's ability to focus.

Lens

in psychology, it often refers to the perspective or viewpoint through which an individual sees and interprets the world.