When Demand Increases in a Perfectly Competitive Market,in the Short

question 148

Multiple Choice

When demand increases in a perfectly competitive market,in the short run _______________,and in the long run _______________.

• A) quantity supplied increases; supply increases
• B) quantity supplied increases; supply decreases
• C) quantity supplied decreases; supply decreases
• D) quantity supplied decreases; supply increases

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Definitions:

Implicit Prejudice

Unconscious biases or attitudes towards certain groups or individuals, which can affect decisions and actions without explicit awareness.

Explicit Prejudice

Explicit prejudice involves conscious, openly expressed negative beliefs or attitudes toward a group based on characteristics such as race, gender, or ethnicity.

Unconscious Patronization

The phenomenon where individuals unknowingly treat a member of a marginalized group in a condescending or diminutive manner.

Unconscious Patronization

Subtle, unintended display of condescension or inferior treatment towards certain groups, often without the awareness of the individual.