The Motivating Force Behind an Increase in Supply in a Long-Run

question 25

Multiple Choice

The motivating force behind an increase in supply in a long-run adjustment to equilibrium is

• A) lower prices.
• B) economic profits that are present in the short run.
• C) higher profit expectations among owners of firms in the industry, triggered by increased prices.
• D) normal profits witnessed by individuals outside the industry that trigger entry.
• E) the decreases in average cost that can be obtained through economies of scale.

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Definitions:

Amino Acid

Organic compounds that combine to form proteins, serving as the building blocks of life.

Leucine

an essential amino acid used in the biosynthesis of proteins, important for muscle repair and growth.

Poly-A Tail

The string of adenine nucleotides added to the 3' end of a newly synthesized pre-mRNA molecule, playing a role in mRNA stability and translation.

mRNA Export

mRNA export is the process by which mRNA molecules are transported from the nucleus to the cytoplasm following transcription, preparing them for translation into proteins.