Figure 4-8 -Refer to Figure 4-8.Suppose the Diagram Shows the Supply Curves

question 166

Multiple Choice

Figure 4-8
-Refer to Figure 4-8.Suppose the diagram shows the supply curves for a product in the short run and in the long run.Which supply curve represents supply in the short run and which curve represents supply in the long run?

• A) SB represents supply in the short run, and SA represents supply in the long run.
• B) Either SA or SB could represent supply in the short run; in the long run, the supply curve must be a vertical line.
• C) Either SA or SB could represent supply in the long run; in the short run, the supply curve must be a horizontal line.
• D) SA represents supply in the short run, and SB represents supply in the long run.

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Definitions:

Ecosystems

Communities of living organisms interacting with their physical environment, functioning as a unit in nature.

Biome

A large community of plants and animals that occupies a distinct region defined by its climate and vegetation.

Flat-Topped Acacia

A type of acacia tree characterized by its distinctive flattened crown, commonly found in African savannas.

Biome

A large community of plants and animals that occupies a distinct region defined by its climate and ecosystems.