In the Long Run,the Quantity Supplied of Most Goods

question 19

Multiple Choice

In the long run,the quantity supplied of most goods

• A)will increase in almost all cases,regardless of what happens to price.
• B)cannot respond at all to a change in price.
• C)can respond to a change in price,but the change is almost always inconsequential.
• D)can respond substantially to a change in price.

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Definitions:

Mutation

A change in the DNA sequence within a gene or chromosome of an organism resulting in the creation of a new character or trait not found in the parental type.

Isolation

The process or state of being separated from others, which can be physical, social, or emotional.

Geographical Radiation

The spread of a group of organisms into different habitats across different geographical areas, often resulting in the diversity of the group adapting to various environments.