An Upward-Sloping Long-Run Supply Curve Suggests That

question 11

Multiple Choice

An upward-sloping long-run supply curve suggests that:

• A)when quantity supplied increases, price drops
• B)the relationship between price and quantity supplied is inverse
• C)a change in demand will not change price
• D)this is an increasing-cost industry
• E)this is a decreasing-cost industry

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Definitions:

Bad-News Message

A type of communication designed to deliver unfavorable news in a tactful manner to mitigate negative reactions.

Direct Approach

A communication style where the main point or purpose is presented at the beginning, followed by supporting details or arguments.

Indirect Approach

A communication strategy that involves presenting background information before getting to the main point, often used to soften negative news or messages.

Direct Approach

A straightforward method of communication or action without any deviation or subtlety.