The Relationship Between Price and Quantity Supplied After Firms Fully

question 16

Multiple Choice

The relationship between price and quantity supplied after firms fully adjust to any short-term economic profit or loss resulting from a change in demand is illustrated by the

• A)long-run industry supply curve
• B)Dutch auction model
• C)short-run firm supply curve
• D)constant-cost industry supply curve
• E)short-run industry supply curve