Use the Figure Below to Answer the Following Questions

question 105

Multiple Choice

Use the figure below to answer the following questions.

Figure 12.4.3
-Refer to Figure 12.4.3, which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive market. In the long run, market

• A)demand will increase.
• B)demand will decrease.
• C)supply will increase.
• D)supply will decrease.
• E)demand and market supply will both increase.

---

Definitions:

Iris

The colored part of the eye that controls the size of the pupil and the amount of light that enters the eye.

Refraction

The bending of light as it passes from one medium to another with a different density, affecting its speed and direction.

Rhodopsin

A light-sensitive receptor protein involved in visual phototransduction in the retina of the eye.

Visual Pigment

Photoreceptive molecules in the retina that absorb light and trigger nerve impulses that result in vision.