Examlex
If a star's temperature increases in its interior, then more nuclear reactions will occur to push the star outward and its temperature will drop, causing the star to contract and eventually return to equilibrium.
Long-run Supply
Long-run Supply refers to the quantity of a good that producers are willing and able to supply onto the market at different price levels when all production inputs can be varied.
Supply Curve
A graph showing the relationship between the price of a good and the quantity of that good that producers are willing to supply.
Increasing-cost Industry
An industry in which the costs of production increase as the industry expands due to factors like limited resources or higher input prices.
Long-run Supply
The time period in economics during which all factors of production and costs are variable, allowing firms to adjust all inputs in response to market conditions.
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