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

question 118

Multiple Choice

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

• A)prices increase; supply increases
• B)prices increase; prices stay permanently higher
• C)quantity supplied increases; prices increase
• D)quantity supplied decreases; prices decrease

Understand the formation and characteristics of ophiolites and how they compare to oceanic and continental crust.

Describe the composition and characteristics of basaltic and felsic magmas and their distribution across different geologic settings.

Interpret the role of hot spots, mantle plumes, and the different types of magmatism they produce.

Comprehend the effects of continental and oceanic mantle plumes on the Earth's surface, including volcanism and plateaus formation.