Which of the Following Will Occur in Response to an Unexpected

question 94

Multiple Choice

Which of the following will occur in response to an unexpected increase in demand in a constant-cost,competitive industry?

• A)Resources will move out of the industry.
• B)The output of the industry will remain constant.
• C)The output will increase with input prices remaining unchanged
• D)The existing firms will not be able to expand output sufficiently without incurring huge costs.

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Definitions:

Certain Groups

Specific segments of a population defined by characteristics such as age, gender, ethnicity, or interest.

Poverty

A condition characterized by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education, and information.

Parents' Emotional State

The feelings and emotional condition of parents, which can influence their behavior and interaction with their children.

Children's Development

The process through which children undergo changes in physical, cognitive, emotional, and social domains as they grow.