Directions: Choose the Best Answer Based on the Information You

question 5

True/False

Directions: Choose the best answer based on the information you read in Chapter Seventeen.
​ A shift in voice occurs when active and passive voice are mixed in a sentence.

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Definitions:

Marginal Cost

The price of manufacturing an additional unit of a product or service.

Market Demand

The overall amount of a product or service all buyers in a market can and want to buy at different price levels.

Market Output

The total quantity of a good or service produced and offered for sale in a market.

Long-Run Equilibrium

The state in which all inputs and outputs in a market have been adjusted so that there is no tendency for change in economic conditions.