If a Product Is Manufactured Under Conditions of Constant Cost

question 176

Multiple Choice

If a product is manufactured under conditions of constant cost, an increase in the demand for the product will increase

• A) both equilibrium quantity and equilibrium price in the long run.
• B) equilibrium price, but equilibrium quantity will be unchanged in the long run.
• C) equilibrium quantity, but equilibrium price will be unchanged in the long run.
• D) equilibrium quantity but reduce equilibrium price in the long run.

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Definitions:

Special Shareholder Meeting

A meeting outside the scheduled annual shareholder meetings, often called to discuss and vote on urgent issues.

High-Mach

Refers to individuals with a high Machiavellianism trait, characterized by manipulativeness, a cynical worldview, and a focus on personal gain over ethics.

Threatens Employees

Situations or actions that create a perceived risk to the security or well-being of workers.

High-Intensity Business

High-intensity business refers to industries or sectors characterized by fast-paced operations, high competition, and significant pressure on performance.