In an Increasing-Cost Industry, an Unexpected Decrease in Demand Would

question 27

Multiple Choice

In an increasing-cost industry, an unexpected decrease in demand would lead to a _____ costs and a _____ price in the long run.

• A)higher; higher
• B)higher; lower
• C)lower; lower
• D)lower; higher
• E)lower; constant

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Definitions:

Colon

Division of the large intestine that extends from the cecum to the rectum.

Goblet Cells

Specialized epithelial cells found within the respiratory and intestinal tracts that secrete mucus to trap pathogens and particles.

Pancreatic Juice

External secretion of the pancreas; clear, alkaline fluid containing several enzymes.

Inactive Form

Refers to a biological molecule in a state where it is not performing its normal function or activity.