The Muslim Calendar Begins in the Year

question 27

Multiple Choice

The Muslim calendar begins in the year

• A) of Muhammad's birth.
• B) Muhammad received his first revelation.
• C) of Muhammad's death.
• D) of the Hijrah.

---

Definitions:

Long Run

A period in economics in which all factors of production and costs are variable, allowing all inputs to be adjusted.

Perfectly Inelastic

A situation where demand does not change at all in response to changes in price.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a certain price over a specified period.

Price Effect

The impact on consumer demand and company revenue as the cost of a good or service changes.