Figure 9-10 In Figure 9-10, the Movement from Points a to B

question 397

Multiple Choice

Figure 9-10
In Figure 9-10, the movement from points A to B to C can best be explained by which of the following factors?

• A) a decrease in demand, followed by the entry of new firms and an expansion in supply in a constant cost industry.
• B) an increase in demand, followed by the entry of new firms and an expansion in supply in an increasing cost industry.
• C) a decrease in demand, followed by the exit of firms and a decline in supply in an increasing cost industry.
• D) an increase in demand, followed by the exit of firms and a decline in supply in a constant cost industry.

---

Definitions:

Unlike Things

Objects or concepts that differ significantly from each other in characteristics or nature.

Dialect

A variety of language that is distinguished by its vocabulary, grammar, or pronunciation.

Grammar

The set of structural rules governing the composition of clauses, phrases, and words in any given natural language.

Pronunciation

The way in which a word or language is spoken, especially the correct or accepted way.