Which of the Following Best Describes the Series of Events

question 462

Multiple Choice

Which of the following best describes the series of events shown in the figure? The original conditions prior to the change are shown by D ₀ and S ₀ (point A) , and S _LR is the market long-run supply curve.

• A) an increase in demand and an expansion in the number of firms in an increasing cost industry
• B) an increase in demand and an expansion in the number of firms in a decreasing cost industry
• C) an increase in demand and an expansion in the number of firms in a constant cost industry
• D) none of the above

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Definitions:

Left Hemisphere

The left side of the brain, responsible for controlling the right side of the body and often associated with analytical and verbal tasks.

Thalamus

A structure in the brain that acts as a relay station for transmitting information between different areas of the brain.

Gonad

An organ in animals that produces gametes; testes in males and ovaries in females.

Adrenal

Referring to the adrenal glands or their function, which is to produce hormones like cortisol and adrenaline that help control stress, metabolism, blood pressure, and other vital functions.