If the Long-Run Supply Curve Is Upward-Sloping, It Indicates That

question 155

Multiple Choice

If the long-run supply curve is upward-sloping, it indicates that resource prices fall when

• A)production in the industry decreases in the long run.
• B)production in the industry increases in the long run.
• C)new firms enter the industry.
• D)short-run profits in the industry are positive.

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Definitions:

Diagnostic Testing

Medical tests and procedures used to determine the cause of an illness or disorder.

Mobility

The ability to move freely and easily, crucial for performing activities of daily living and enhancing quality of life.

Fecal Impaction

A condition where hard stool becomes stuck in the rectum or colon, making it difficult to have a bowel movement.

Valsalva Maneuver

A technique involving deep breath and then forcibly exhaling while keeping the mouth and nose closed, used in medicine to test heart function and in other applications.