If There Is an Increase in Market Demand in a Perfectly

question 255

Multiple Choice

If there is an increase in market demand in a perfectly competitive market, then in the short run prices will

• A)rise.
• B)remain unchanged at the minimum of average total cost.
• C)fall.
• D)remain unchanged at the minimum of marginal cost.

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Definitions:

Primary Sex Characteristics

The physical structures directly related to reproduction, such as ovaries in females and testes in males.

Secondary Sex Characteristics

These are features that appear during puberty, distinguishing male and female bodies, but are not directly involved in reproduction.

Adrenal Glands

A pair of endocrine glands that sit just above the kidneys and secrete hormones (epinephrine and norepinephrine) that help arouse the body in times of stress

Testosterone

The most important male sex hormone. Both males and females have it, but the additional testosterone in males stimulates the growth of the male sex organs during the fetal period, and the development of the male sex characteristics during puberty.