The Accompanying Graph Shows the Long-Run Supply and Demand Curves

question 104

Multiple Choice

The accompanying graph shows the long-run supply and demand curves in a purely competitive market. The curves suggest that in this industry, the marginal benefit to consumers of each extra unit of the product is

• A)constant.
• B)increasing.
• C)decreasing.
• D)not indicated in the graph.

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Definitions:

Ligaments

Strong, flexible fibrous connective tissues that connect bones to other bones, providing support and stability to joints.

Crest

In anatomy, a prominent ridge or elongated projection on a bone, often serving as an attachment point for muscles or ligaments.

Condyle

Rounded articular surface on a bone.

Fossa

A depression or hollow, usually in a bone.