The Industry That Produces Zangs Is in Long-Run Equilibrium

question 409

Multiple Choice

The industry that produces zangs is in long-run equilibrium. Then the demand for zangs increases permanently. As a result, firms in the industry will ________. Some firms will ________ the industry, and the industry supply curve will shift ________.

• A) make economic an profit; enter; rightward
• B) make zero economic profit; exit; leftward
• C) incur economic losses; exit; rightward
• D) incur economic losses; exit; leftward

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Definitions:

Immature Printing

Refers to the early stages of writing development in children, where text may lack proper form or structure.

Invented Spelling

A developmental stage in children's writing where they spell words based on how they sound rather than the correct spelling conventions.

Spontaneity

The quality of being performed or occurring as a result of sudden inner impulse or inclination without premeditation.

Whole-language Approach

An instructional philosophy on reading that emphasizes the use of context and visual cues to recognize words, arguing for immersion in text to promote literacy.