Figure 14-14

question 59

Multiple Choice

Figure 14-14
-Refer to Figure 14-14. Assume that the market starts in equilibrium at point W in panel (b) and that panel (a) illustrates the cost curves facing individual firms. Suppose that demand increases from D0 to D1. Which of the following statements is not correct?

• A)Point W is a long-run equilibrium point.
• B)Points W, Y, and Z are short-run equilibria points.
• C)Point Y is a long-run equilibrium point.
• D)Point Z is a long-run equilibrium point.

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Definitions:

Lymphocytes

A type of white blood cell that is part of the immune system, with a primary role in protecting the body against viruses, bacteria, and other foreign invaders.

White Blood Cells

Cells of the immune system involved in protecting the body against both infectious disease and foreign invaders.

Lymph System

A part of the immune system consisting of a network of vessels, tissues, and organs that help rid the body of toxins, waste, and other unwanted materials.

Bloodstream

The circulating fluid system within the body, comprised mainly of blood, that delivers nutrients and oxygen to the cells and carries away waste products.