In an Increasing Cost Industry, an Unexpected Decrease in Demand

question 164

Multiple Choice

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

• A)higher; higher.
• B)higher; lower.
• C)lower; lower.
• D)lower; higher.
• E)no change; no change.

---

Definitions:

Transgender

Refers to individuals whose gender identity does not align with the sex they were assigned at birth.

Hormone Therapy

A treatment using hormones to relieve symptoms of menopause, treat certain cancers, or for gender affirming procedures.

Sex Reassignment Surgery

A medical procedure or series of procedures by which a person's physical sexual characteristics are changed to those of the opposite sex.

Gender Bread Diagram

A visual model used to explain the spectrum of gender identity, gender expression, biological sex, and sexual orientation.