In the Short Run,in Response to an Increase in Demand,producers

question 94

Multiple Choice

In the short run,in response to an increase in demand,producers will typically choose _______ prices,but rather to meet the increased demand at _______ prices.

• A) to raise;preset
• B) to cut;variable
• C) not to raise;preset
• D) not to raise;variable
• E) to cut;preset

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Definitions:

Inhalants

Inhalants are volatile substances whose chemical vapors can be inhaled to induce psychoactive or mind-altering effects.

Chemical Vapors

Gaseous forms of substances that are normally in the solid or liquid state at room temperature, often hazardous when inhaled.

Dilates Blood Vessels

The process by which blood vessels widen to increase blood flow, often as a result of relaxation of the vascular smooth muscles.

Nitrites

Chemical compounds that can act as vasodilators, used medically but also found in processed foods as preservatives.