If Factor Prices Rise as Demand Increases and the Firms

question 54

Multiple Choice

If factor prices rise as demand increases and the firms expand output, the long-run market supply curve will be upward sloping. In terms of economics, this describes

• A) an oligopolistic industry.
• B) a constant cost industry.
• C) an increasing cost industry.
• D) a decreasing cost industry.

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Definitions:

Depressive Symptoms

Manifestations of major depressive disorder, including persistent sadness, loss of interest in activities, changes in weight, and difficulty concentrating.

Disorder

A state of confusion, disarray, or a medical condition characterized by a disruption of normal functioning.

Emotional Symptom

A manifestation of an emotional disturbance that can affect a person's wellbeing and functioning, such as sadness, anxiety, or irritability.

Depression

A common and serious medical illness that negatively affects how you feel, the way you think and how you act, leading to feelings of sadness and/or a loss of interest in activities once enjoyed.