If a Perfectly Competitive Industry's Long-Run Supply Curve Is Downward-Sloping

question 44

Multiple Choice

If a perfectly competitive industry's long-run supply curve is downward-sloping, what can we conclude about input prices?

• A) they will increase as industry output increases.
• B) they will decrease as industry output increases.
• C) they will remain constant as industry output increases.
• D) they will decrease as industry output decreases.

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Definitions:

Sensate Focus Therapy

Treatment for sexual dysfunction in which partners alternate between giving and receiving stimulation in a relaxed, openly communicative atmosphere in order to reduce performance anxiety and concern over achieving orgasm by learning each partner’s sexual fulfillment needs.

Intercourse

Sexual activity, especially involving penetrative sex between two or more individuals.

Sexual Dysfunctions

Disturbances in sexual desire and the psychophysiological changes that are part of the sexual response cycle, causing significant distress and interpersonal difficulty.

Couple's Relationship

The emotional and physical partnership between two individuals in a romantic or committed relationship.