In the Long Run,the Number of Producers in an Industry

question 165

Multiple Choice

In the long run,the number of producers in an industry may change.If the number of farmers growing soybeans increases,ceteris paribus,then

• A)the supply curve of soybeans will shift inward to the left.
• B)the demand curve of soybeans will shift inward to the left.
• C)the demand curve of soybeans will shift outward to the right.
• D)the supply curve of soybeans will shift outward to the right.

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Definitions:

Ossified

The process by which tissue turns into bone or a bony substance, often part of normal bone growth and development or healing of fractures.

Hypersecretion

The excessive production and release of substances, such as hormones or enzymes, by a gland or organ.

Adrenal Tumor

A growth, either benign or malignant, that forms in the adrenal glands, which are located above the kidneys and are responsible for hormone production, including stress hormones and sex hormones.

Androgens

Male sex hormones, like testosterone, that are responsible for the development and maintenance of male characteristics in vertebrates.