Figure 14-14

question 59

Multiple Choice

Figure 14-14
-Refer to Figure 14-14. Assume that the market starts in equilibrium at point W in panel (b) and that panel (a) illustrates the cost curves facing individual firms. Suppose that demand increases from D0 to D1. Which of the following statements is not correct?

• A)Point W is a long-run equilibrium point.
• B)Points W, Y, and Z are short-run equilibria points.
• C)Point Y is a long-run equilibrium point.
• D)Point Z is a long-run equilibrium point.

Explain the significance of obligatory and facultative water reabsorption in the formation of urine.

Understand the role of genetics and environment in shaping personality traits.

Identify the stability of personality traits across the lifespan and across different cultures.

Describe how personality traits influence behavior and interpersonal relationships.