Refer to the Accompanying Graphs for a Competitive Market in the Short

question 98

Multiple Choice

Refer to the accompanying graphs for a competitive market in the short run. What will happen in the long run to industry supply and the equilibrium price, P, of the product?

• A)S will decrease; P will decrease.
• B)S will increase; P will decrease.
• C)S will decrease; P will increase.
• D)S will increase; P will increase.

---

Definitions:

Four Levels Of Evaluation

Refers to a framework developed by Donald Kirkpatrick for assessing training programs, which includes reactions, learning, behavior, and results.

Pre-Post Design

A research method that involves measuring certain variables before and after an intervention to assess the changes that occur as a result of the intervention.

Control Group

In experimental research, a group of subjects that does not receive the treatment being tested, used as a benchmark to measure the effect of the treatment.

Data Collection Method

Techniques or procedures used to gather information or data for analysis in research, studies, or evaluations.