The Long-Run Supply Curve Would Be Perfectly Elastic When

question 124

Multiple Choice

The long-run supply curve would be perfectly elastic when

• A)an increase in demand does not cause a change in product price.
• B)an increase in demand causes an increase in product price.
• C)a decrease in demand causes an increase in short-run supply.
• D)a decrease in demand causes an increase in product price.

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Definitions:

Binocular Disparity

A visual phenomenon where each eye receives a slightly different image, which the brain merges to perceive depth.

Shape Continuity

A perceptual phenomenon where the visual system prefers to see continuous shapes rather than disrupted or disconnected ones.

Apparent Motion

The perception of movement in a stationary object or scene due to relative motion between the observer and the object or due to visual illusions.

Real Motion

The actual movement of an object or person through space and time, as opposed to perceived or virtual movement.